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So What Do You Think Would Have Happened . . . .
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Government & Elections
So What Do You Think Would Have Happened . . . .
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If we had NOT bailed out the banks in 2008? If we had NOT bailed out the insurance company that had insurability to their losses? If we had NOT bailed out those couple of auto gaints? How would the U.
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:30272231-8d1f-4af8-9c15-1aae6079802d
Forums » Politics & Society » Government & Elections » So What Do You Think Would Have Happened . . . .
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So What Do You Think Would Have Happened . . . .
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So What Do You Think Would Have Happened . . . .
posted at December 20, 2011 2:39 PM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
If we had NOT bailed out the banks in 2008? If we had NOT bailed out the insurance company that had insurability to their losses? If we had NOT bailed out those couple of auto gaints? How would the U.S. be today? How would the world be today? |
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Re: So What Do You Think Would Have Happened . . . .
posted at December 20, 2011 10:19 PM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
In Response to Re: So What Do You Think Would Have Happened . . . .: Banks would fall like the Lehman brothers did So would autto giants and insurance companies those left would have more customers... us/world would take it Posted by Astra2012 I think we would have had a run on the banks. People would have lost all of their retirement accounts that were invested in the connected securities. Some cities and towns, maybe even states, would have had to declare bankruptcy. Other countries would also have been in crisis. U.S. Treasurey investors around the world would leave us for other safe havens for their money and thus a U.S. Debt crisis would occur - might not even have the funds to send out SS checks or pay Medicare claims. Interest rates would rise rapidly for all - people, businesses, local and state governments and even worse the U.S. government. The Fed would have no choice but to raise rates - and our debt as a nation would skyrocket. Just like bailing out GM and Chrysler, we did it so that the results would not expand and lead to more unemployment and human suffering. If the banks had failed - A very deep Depression might be the best of all the choices that could occur. Most of the banks paid back the direct bailout money - we, as taxpayers, took a lose on GM because the amount of stock that we owned did not reach the value that had been predicted to cover the bailout. Be careful what you wish for, it might not turn out the way you think it will |
Forums » Politics & Society » Government & Elections » So What Do You Think Would Have Happened . . . .
