Didn’t some of these companies cause the crash? Or at least help it. Feels kind of unfair that they get off scot-free.
What would have happened if the government didn’t bail them out? Would we ever recover?
In: Economics
If your bank collapses your savings go with it
pensions, life savings wiped out;
financial reserves of your employer wiped out
The FDIC can provide protection but not completely so prevention is critical
that has disasterous knock on effects for, well, pretty much everyone
Bailouts protected the people, by rescuing the bank
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