NJ5 on 05 July 2009
@SciFiBoy: I don't think the government intervention was to protect savers' money, that's what deposit insurance is for (even when a bank goes bust, there's a bank fund to use as insurance).
The point of saving the banks was (allegedly) to keep mortgages, business and personal loans going, as many people and businesses depend on those to keep spending money. Without those people and businesses spending money, the economy would suffer (which would be a good thing overall, as it would solve the problem at once, but of course governments won't let that happen).
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