Thread:Comments:Reserve Bank of India announces plan to list systemically important banks/Terrible move for India.

Bailing out banks only gives bad actors less accountability. Iceland, for example, nationalized domestic debt (preventing mortgage foreclosures, and loss of industry) and let the banks with bad (largely speculative) international debts fail; they prosecuted the ones in charge, and saw a recovery a mere 2 years later. The US should not be viewed as a role model.