Oceans of [US] taxpayer money and patience have been devoted to propping up the US banking system. Why? So that when we go to retrieve our money from an ATM our money will actually come out.
At least that's what then-Treasury Secretary Hank Paulson told us when the big US banks were on the verge of hitting the fan in 2008 and 2009.
The implication was that if the US banks failed - "poof" - our money would go with them. Nobody wanted to lose their cash, not at the same time many people's 401(k)s were being turned into 201(k)s.
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