Let The Banks Fail - says economist Joseph Stiglitz

"The Government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice, according to Joseph Stiglitz, the Nobel Prize-winning economist."
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The discussion here centers on the UK banks, but I think it's a valid argument for any government to consider. The idea that we would want to spend our tax money to help banks that are failing is beyond the scope of my imagination. Free market capitalism is supposed to have companies that succeed and companies that fail, that's how Capitalism works.