Bailout bad but necessary

October 2008
Las Vegas Business Press (10712186);10/6/2008, Vol. 25 Issue 40, pP38
The article reflects on the $700 billion bailout in the financial sector of U.S. He argues that the bailout which tries to correct bad business decisions and bad loans is inconsiderable because it will use the taxpayer's money. According to the author, another option is by not doing anything to aid the financial market which may worsen and make the situation more complicated. He notes that the bailout is bad but it has better implications compared to other options.


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