>>Why? Because "if banks fail, some percentage of economy will also fail". Well, we bailed the banks out, and some percentage of economy still failed. In case of Greece, that percentage is about 20-30 at least (and don't know about other countries, just know how many places I've seen where shops are closing - in all the places I've been since 2008). I'd say that if banks were spayed, the percentage would be less, and we may even have growth.
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>>Let them fall. They shouldn't be a sacred cow.
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http://www.nytimes.com/2015/08/02/magazine/why-greeces-lenders-need-to-suffer.html>
>Here's someone who agrees with you.
Correct me if I'm wrong, but I seem to remember that the first bailout was initially voted down. Then the banksters pulled some dirty tricks, threatened with chaos and fall of everything, and within a few weeks the vote changed.
I wish the Congress had the balls then.