I felt unscathed in this regard, considering banks are so intertwined with government. In an organic way, it might have been better to let the banks fail hard in 2008, that would hve served as a cautionary tale to bank managers/owners not to rely on the state. On the other hand, that could have had tremendous economic short-term consequences.

The problem is not that banks mismanaged and failed, but that the consequences of it were too grave to allow failure.