3 About ten years ago, representatives from the three major American automobile
ID: 1154605 • Letter: 3
Question
3 About ten years ago, representatives from the three major American automobile companies went to Congress to request bailout relief from the U.S. government to prevent possible bankruptcy. This came after a major insurance company, financial corporations, and many banks had been given bailout money to sustain themselves and to make loans. Do you think that the auto companies should have been bailed out by the Federal Government? Should big banks be allowed to fail? In capitalism, should there be private companies that are too big to fail so that the government (we, the taxpayers) must give them loans to stay in business? If so, please explain why. If not, please explain why. Please do research on these government bailouts before you give your answer Displaying 1 to 3 of 3 2Explanation / Answer
Answer:
An auto organization implies wellspring of work for a huge number of specialists working in that firm. So, according to my point of view if the firm can produce greater benefit in the future and if giving bailout by the Federal government can save the living of lakhs of people then it must give bailout.
Banks which are spines of the economy of the nation should be not permitted to come up short, in light of the fact that in the event that they do as such the whole economy of the nation will get risked. Precautions should be taken from beforehand to prevent this kind of mishaps and even if it happens special ways should already be planned so that the problem does not become fatal.
Everything is uncertain in this world, nobody can be accurately sure of anything, Moreover in the past we have seen many big firms of many other countries to get shattered, so why should America be an exception. Truly, I aside from that we the citizen need to give credit to the bankrupted organizations, however in a nation like America where everything is privatized if three or four major firms separate, the govt would be notable give appropriate substitution work, so as opposed to being jobless it's considerably more better to fund those organizations with advances, also when it gets back its stream it will restore the cash.
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