u/Cheap-Albatross6606

Hey folks,

I just had a sudden thought about the 2008 financial crisis because... Ya know, the current economic and political climate and all that. And a grievance that I've heard over the years is that the public had to foot the bill for the bank's fuck up. So I was wondering, what most likely would've been the outcome if the bank was completely responsible for clearing up the situation instead?

I don't know if it's blatantly obvious, but I know nothing about economics. I'm starting to think 'the banks' might be an over simplification and also, that the banks might be intrinsically linked to the Governments of the World and therefore the public couldn't avoid paying back like we have currently. But hey, this is no stupid questions.