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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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