[launic]

The title of the article is "Rational Irrationality" and not letting the system to crash now, seems to me (and to many others) very irrational.

"too big to fail" syntagm does not look good either to the author of the article, in the end he says:

"As memories of September, 2008, fade, many will say that the Great Crunch wasn’t so bad, after all, and skip over the vast government intervention that prevented a much, much worse outcome. Incentives for excessive risk-taking will revive, and so will the lobbying power of banks and other financial firms." ... "The next time the structure starts to lurch and sway, it could all fall down."

Bailing out big companies is not capitalism as we learned about it. And the bottom line is it hasn't crashed now, the governments did not let it crash. Whether this is good or bad, I guess we will see in the future.