Comments by "Fredinno" (@innosam123) on "What if the American Revolution was Crushed?" video.

  1. Too soon. But in any case, if AIG, GE Financial, and Bear Sterns failed, the financial system would be in deep shit. The Collapse of Lehman Bros triggered a major recession, and forced Congress to pass TARP in desperation. Iceland is a pretty good analogue to what might happen; the banking sector imploded, causing its investors to lose all their money. The difference is that the USA is a much bigger beast- its financial system is the largest in the world, and the British financial system, the next largest, wasn't in a good position either. Thus, the domino effect of people selling and pulling their investments would continue to spiral into a depression-level scenario. The Bailouts stopped that process, at the cost of hundreds of billions of taxpayer $. The US government would spend hundreds of billions more attempting to stimulate the economy via stimulus in a worse Great Recession, though, so I don't think it saves much money. Not much knowledge outside the USA though, but the EU and China also suffered horribly in the Great Recession, the former caused the EU to begin fracturing, and the latter caused the most civil unrest in China since Tiahmen Square due to the mass layoffs that followed.
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