TITLE

Point: The 2008-2009 Bank Bailouts are Appropriate

AUTHOR(S)
Berger, Adam
PUB. DATE
March 2016
SOURCE
Points of View: Bank Bailout;3/1/2016, p2
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article presents an argument in favor of the bank bailout by the U.S. government in response to the 2008-2009 global financial crisis. The author argues that the bailout was a necessary measure to stabilize the industry. The effect of the subprime mortgage crisis on credit markets is discussed and the results of the economic recession connected with the banking crisis are examined. It is the author's opinion that government intervention is the first step to regulatory reform for banks.
ACCESSION #
43267122

 

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