Would have been a bad move to drop them. Would be a worse move for the state not to watch, learn, and demand stricter regulation in return for the bail-out. Still, can only go so far with regulation before defeating the point of capitalism.
Re: Financial crisis ripples through
Would have been a bad move to drop them. Would be a worse move for the state not to watch, learn, and demand stricter regulation in return for the bail-out. Still, can only go so far with regulation before defeating the point of capitalism.
"The facts of history cannot be purely objective, since they become facts of history only in virtue of the significance attached to them by the historian." E.H. Carr
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