Obama had little choice but to bail out the financial industry; otherwise, the costs would have been far higher and wider. But there was no relief for the indebted homeowners, contributing to the divide in America that gave us Donald.
Banks should be allowed to fail. Placing a bank (or any business) under government ownership implies that the government would be better managers.
Trusting Joe Biden to regulate any industry better is a non-starter. Thanks to Joe, we will have an American chip industry (jobs costing $6M each before operation) that will NEVER be profitable -- as opposed to coal, shipbuilding, and steel in the UK, which once were.
Many thanks. Best to you.