G7 leaders agreed in April 2009 to refloat the banks at all costs

Evidence

Politicians and central bankers then feared that if they let the banks fail and people’s savings disappear, as Herbert Hoover’s administration had done in 1929, they would precipitate a second Great Depression. So at their London summit in April 2009, the G7’s central bankers – along with their presidents and prime ministers – agreed to do whatever it took to refloat the banks. That was sensible. — Yanis Varoufakis, Technofeudalism, 390

Categorization

• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 390