Instead of bailing out the institutions, why didn’t the government just let them fail and give the money directly to the people hurt by the bank’s mismanagement? Why were the banks’ protected? Doesn’t this kind of protection incentivize banks to act recklessly in the future?
In: Economics
Because a fish only feeds you for a day, a fishing pole will stretch much further.
When banks and insurance companies fall, a lot of employers would go with them and everyone would be unemployed.
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