How do we know that the financial system would have failed. Sure this is what we have been told but do you believe everything the govt tells you?
To me the bailouts have done nothing but preserved the system and resulted in keeping those who had power and wealth, in that same position if not solidifying the positions they had.
I guess if you are happy with the way things were then yes they worked.
No pain, no gain. Just remember the chaos you think we averted is chaos that you were told would happen, that you have been programmed would happen, and that your government 100% counted on you to believe it would happen so a bailout MUST be passed immediately. In fact, to take a page from Arrayas handbook, if the chaos would not have happened, maybe our govt would have…. created some chaos.