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Are Financial Bailouts a Good Thing?
There is no doubt the banks were unscrupulous, but there was another larger factor at play.
These banks knew that if they ever needed a bailout, that the government would gladly do so.
Why? Because the economy seemingly needs those banks to be strong.
When you provide a guarantee that you will help a corporation if they act poorly, you are encouraging that kind of behavior.
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These banks knew that if they ever needed a bailout, that the government would gladly do so.
Why? Because the economy seemingly needs those banks to be strong.
When you provide a guarantee that you will help a corporation if they act poorly, you are encouraging that kind of behavior.