U.S. Financial Crisis and Bailout Essay

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S. lawmakers have passed a $700 bailout bill to buy troubled assets from banks in hopes that they will start lending again. it's almost ironic that the government is encouraging more of the very same thing that caused the problem in the first place. It seems that the government will do anything it can to continue to fuel the consumption-based economy even though Americans are awash in debt. Further, there's no guarantee that banks will respond in the way lawmakers intend them to given that they will no doubt be held more accountable for their lending decisions and the precarious condition of the economy that makes lending more risky.

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For all these reasons, the bailout is a misguided policy effort that will not address the fundamental causes of our current economic downturn......

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"U S Financial Crisis And Bailout" (2008, October 04) Retrieved May 20, 2024, from
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