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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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