During the financial crisis of 2007-2008, the federal government decided to bail out the big banks, but not any of the households that had lost money because of their investments or house purchases. This is justified because ________?
1) The big banks were too big to fail
2) The households should have been more responsible with their investments
3) The government did not have enough resources to bail out everyone
4) The big banks were more important for the overall economy