Educating the Washington Post: We Did Not Have to Bail Out the Banks in 2008

The Washington Post is again pushing crap about how we had to bail out the banks to prevent a second Great Depression and that we made a profit on it. And, it is attacking Bernie Sanders for not accepting this nonsense.

So lets go through the story for the 74,567th time. Suppose we let the market work its magic on Goldman Sachs, Citigroup and the rest. All the Wall Street behemoths would have gone bankrupt. We would have instantly downsized our grossly bloated financial sector, eliminating a...