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The reason for the bailouts was to avoid mass unemployment and mass foreclosures. These would have happened had major automakers or major banks went bankrupt.
by gwbas1c 6y ago
The reason for the bailouts was to avoid mass unemployment and mass foreclosures. These would have happened had major automakers or major banks went bankrupt.
- gowld 6y agoGiving the money to the employees in a much cheaper way to avoid unemployment. Temporarily banning foreclosure is an easier way to avoid foreclosures.