This is a big crisis. All these free enterprise companies have been going bankrupt. Usually left alone now the government feels they must bail them out. It is the free enterprises own fault for letting themselves get so out of control. Millions of peoples money is at stake. So the government felt they had to help bail them out. I think that bailing them out in the long run will hurt the companies overall. Sure this will keep the companies going, but where do you draw the line? If you bail them out once, they will continue to risk the money once again. And when they fall again they will be waiting for another bailout. Obviously this is a very tough situation. I believe we need to start regulating some of these enterprises if we are going to spend a trillion dollars to bail them out. Otherwise it is a waste of money if your just going to toss them a trillion dollars and turn your shoulder. We need to get things on track and either help them and keep helping or just let them fall and fall hard.
What do you think?
4 comments:
I like your closing statement! Failure for these banks would definitely be a HARD fall. One thought, what would be the cost to our society if the banks fall? Would the country pay a high cost for the fallout from the housing industry?
hey ben!
i totally agree with you especially about where do we draw the line. The government is just gonna find themselves having to bail the companies out again and again and eventually it is goign to take a big tole on our country.
Great response Ben.
I do agree.
Especially the way they be throwing away trillions of money to Free Enterprise Systems. They should really watch out. And not put it to waste.
I agree with matt
Post a Comment