[317070]

If I can paraphrase: "the risk would have been that banks that are too small would have been emptied, because a clear delineation would have been set between those that are too big to fail, and those that are not. This hazard induced by the existance of too-big-to-fail banks makes it hard to have small banks. Therefore, the solution to declare small banks somewhat too-big-to-fail and bail them out beyond legal obligations is reasonable."

It is reasonable, you are not wrong! But this slope is getting slippier. Something needs fixing, even if this bailout is the right thing to do.

I don't want to argue against this bailout, I want to argue against a system that forces everyone's hands into bailouts every so often.