1. Who Profits the Most from the Bailout Money?
... from the bailout money might actually be the consumer! Before you light your torch and join the restless natives in the city square, understand first, why the money was required in the first place. It's not that the banks didn't screw up. They did. They loaned a lot of money to people who were tremendously less than able to keep up with ... and loose lending practices lead to the catastrophic downturn that required a financial bailout, and the result was that when the smoke cleared, we were left with a new banking system, planned or otherwise. The independent banks that could once loan m...
- Word Count: 628
- Approx Pages: 3
- Grade Level: High School