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Started By
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WHy the bailout???
Posted on 9/19/08 at 5:17 pm
Posted on 9/19/08 at 5:17 pm
IN layman terms, can someone explain why the govt should bailout these companies?
2
Posted on 9/19/08 at 5:51 pm to 33LSU33
The banks are 'too big to fail,' because if they did, it would cause a cascade effect that would wreck every corner of the economy.
Why are they bailing out AIG and the MMA's? I have no idea.
Why are they bailing out AIG and the MMA's? I have no idea.
Posted on 9/19/08 at 10:22 pm to 33LSU33
If people loose confindence in mma, there will be a huge run on them. Financing would dry up. Investment in the economy would dry up.
If this happens your best bet is to stock up on propane, canned goods and bullets.
This is why the gubment is bailing them out.
If this happens your best bet is to stock up on propane, canned goods and bullets.
This is why the gubment is bailing them out.
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