The automakers wouldn't have gone under. They would have restructured their business under the bankruptcy laws. Why do you think raping the bond holders and shutting successful dealerships down was O.K.? Government and big bank greed was the cause of the housing crisis, yet Democrats give them a pass. The big banks, the banking side are insured and should never have been bailed out. What's not starting out well? How so?
I don't think any thing was ok and yes unregulated bankers did every shady thing they could to make big bucks fast. As far as things not going so well--unless it is all fake news There is a lot of trouble ahead.