If the 2008 bailout hadn’t of happened and the big finance companies had collapsed, what would have happened to the Average Americans debt? I know their savings mostly likely would be gone but would their debts have been expunged as well? Assuming their bank went down. Would they still have had to continue to pay back their mortgages? What about small business? It seems to me that if we’re paying for the banks to be bailed out, then sure if the bailout hadn’t of happened, we might all be debt free.