The first bailout I know of was for $1.5 billion loan package to the Chrysler Corporation Loan Guarantee Act of 1979.
Like it or not, government did it in the past. So it's a no brainer for them to do it in the future.
The Fed determines interest rates, which controls the economy. If the economy isn't kept under control things would get very ugly.
Yes, I think there are somethings that are too big and we can't let them fail or everyone could loose everything. The whole world would have been looking at another GREAT WORLD WIDE DEPRESSION.
At the time of the last bailout I was very concerned it would work. Some of it did work and some of the money in friend's pockets.
That said, look at the market, $8k in 08 to over $18k. Some may say that proof it worked, some say the sky if falling. Only time will really tell.
I see the necessity of our government keeping the ship from sinking. Let the stock market sink the ships that need sinking.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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