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Chapter eight of our textbook mentions the Great Recession (December 2007 to June 2009) and also the term government bailouts. During that time, the federal
Chapter eight of our textbook mentions the Great Recession (December 2007 to June 2009) and also the term "government bailouts." During that time, the federal government supplied $498 billion to large investors: banks, pension and mutual funds, and insurance companies. With the collapse of three financial institutions (2022-2023), the president claimed that taxpayers will not pay for bailing out those depositors (unlike what occurred during the Great Recession) and instead funding will come from other banks, the F.D.I.C., and the Federal Reserve. [1] Despite what the president said, do you believe taxpayers will again be on the hook for these bailouts? [2] Should the federal government be bailing out these financial institutions in the first place (this is besides what the FDIC and the NCUA insures)
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