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actually, the corporate nanny state will just bail them out. See: Long Term Captial Management, S&L crisis/Continental Illinois under Reagan/Bush Sr, 2008 crisis

They have an implicit subsidy, Too Big To Fail: access to cheap credit because creditors know the nanny state will bail them out.

Why don't we call it welfare when we give money to the rich? Capitalism for the poor, socialism for the rich. We don't need market discipline, but YOU do

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The corporate nanny state is more then willing to let individual firms collapse (bear stearns). Your examples were a systemic risk, if those organizations collapsed there was going to be a lot of collateral damage.

they could of nationalized the banks, but no instead they just give them handouts

but yeah, I wonder why they didn't decide to save bear stearns, maybe it collapsed and that was the reason they decided to save the rest

best source about the 2008 crisis? I really like noam chomsky and michael lewis' work

Hussmans scenario is far worse than 2008...more like the Great Depression x2

we basically don't know what would happen, but it's safe to say the rich might not be assured of a safe bearish trading market in a civil society

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