4 ms·
If they had lost all their money and their companies went bankrupt, the american people would've lost all their savings as well. As much as it sucks to have the
by pocm_2 9y ago
If they had lost all their money and their companies went bankrupt, the american people would've lost all their savings as well. As much as it sucks to have the banks bailed out, it may have been the only way to relief the people and not cause a depression.
- maxxxxx 9y agoThe government could have bought the banks for cheap, stabilized them and resold them on the market. That way shareholders and employees would have lost but not bank customers.