Hacker News new | past | comments | ask | show | jobs | submit login

That was due to run on the banks before FDIC. So, yes, there was no reason to be saddled with moral hazard instead of orderly dismantling. Look at Lehman, Wamu etc.



Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: