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I wrote that economics and biology were disciplines, not economics and evolution.
Propping up banks in the short term and then evaluating them as to their degree of solvency makes better sense than allowing solvent banks to become a casualty of widespread panic.
If the banks fail, the government has to step in as the nation cannot function without a banking system. A partial government stake in a bank is small step toward socialism, nationalizing the banking system is a giant step. There's no piece of the sh_t pie we've baked that tastes good, but given a choice I'd like a small piece, please.
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