[cersa8]

I see it as a benefit. No bailouts means a proper cleansing of bad parties. It empowers good projects, vs rewarding bad behavior.

[saint_abroad]

So the only hangover from bad parties is that the party ends?

The biggest, baddest parties will always draw the popular crowd, and the same DJs will know better when to quietly slip out the back door with bags full.

How does a well-regulated party compete against that without calling for more regulation?

[CTDOCodebases]

By operating in an open and honest manner and standing the test of time.

In the end though they will probably still call for more regulation because once they have stood the test of time they will want to cement their position.