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.... and recession would have turned to depression, with the dominoe effect of financial failiure impacting on most of us much more heavily. :shock: It's quite possible, IF they do it right, that our (tax-payers) investment in saving the banks could provide a usefull return in the future - meanwhile, they've got to curb their excesses. :twisted:

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We will never know if your theory is correct. I believe that if market forces had been allowed to prevail then the failed banks would have been taken over by strong ones. Some people would suffer obviously because you can't make an omlette without breaking eggs, but surely it would be the irresponsible who had overextended themselves by over borrowing who would be brought back to earth with a bump! 8)8)8)

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