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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (41555)3/1/2010 4:46:12 PM
From: TimF  Read Replies (1) of 71588
 
And Germany was forced to have it's taxpayers bail-out some of it's very largest banks last year and '08

Bailouts are hardly rare.

Germany wasn't particularly prone to bailouts compared to other rich countries because of a lack of something like Glass Steagal. Comparing countries doesn't give us any real evidence that it was beneficial (or I guess that it caused massive harm either, but "it probably doesn't hurt a lot", isn't a good reason for having a law).
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