You have no idea what you're talking about. Both groups had board appointees from the government. The market basically assumed they were "too big to fail", meaning if trouble happened, the government would take over.
When a company isn't run by it's shareholders and beholden to the market, bad things happen. Many of the choices made by both groups wouldn't have made it had there been better oversight.
Government involvement was the problem here, not capitalism.
When a company isn't run by it's shareholders and beholden to the market, bad things happen. Many of the choices made by both groups wouldn't have made it had there been better oversight.
Government involvement was the problem here, not capitalism.