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 they didn’t get bailed out you’d be jobless (not you in particular but maybe you). A big bank fails to pay what it owes to other banks and they all fail, they fail and now companies who had money in them don’t get their money back and oh well they fail as well, mass layoffs everywhere as companies don’t have cash to pay its employees… I can keep going but basically the economy crashes.
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