TITLE

Counterpoint: The 2008-2009 US Bank Bailouts Failed

AUTHOR(S)
Cushman, C. Ames
PUB. DATE
March 2016
SOURCE
Points of View: Bank Bailout;3/1/2016, p3
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article presents an argument against the 2008-2009 government bailout of U.S. banks. It is the author's opinion that the bailout was unnecessary and has not benefited the overall economic situation or the consumer class. Factors leading to the bank bailout, options available under the U.S. bankruptcy system, and the effect on credit markets are discussed. The author argues that the bailout continues to encourage risky behavior and does not provide incentive for corporate responsibility.
ACCESSION #
43267120

 

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