Let's acknowledge that US financial system was on the brink of collapse. Fed Government stepped in with massive bail out programs. The rest is history. What if Government did nothing? To be sure Goldman Sacks stock would be trade in single digit and all major banks would fail. Is that a bad thing? No! Government can then step in and buy all those banks very cheap and ask the employees of the banks to stay and do the same thing with same pay. I don't think anyone would refuse that offer. Then after some time when market recovered, US government would make huge profits. this sound no-brainer. why the government didn't do that? if it did, we are in much better position financially now.