Sen. Hillary Clinton, D-N.Y., explains to Harry Smith why Congress needs to rein in the Bush administration on the economic bailout so taxpayers themselves will see the benefit....(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Hillary Uneasy Over Bank Bailout: What does it mean for the economy? Hillary Clinton, former Secretary of State and one of the major candidates for the US presidency, has expressed disquiet over the bank bailout. In an interview with CNN, she said that while the intention behind it might have been well-meaning, there was too much interference in the market that had caused economic instability, particularly in the banking sector. The bank bailout, which was introduced after the 2008 financial crisis, was intended to rescue banks from going bankrupt, which would have caused economic collapse. The bailout program cost the taxpayers a sum of over $700 billion and was deemed necessary, given the scale of the crisis. However, critics have said that the bailout was too big, too broad, and too focused on banks that were deemed too big to fail. This led to accusations of corporate welfare, with the government intervening in the market to save the banks from their own failures. It also created moral hazard, where the banks would take risks with the knowledge that they could rely on the government to bail them out in case of any failures. Hillary's comments echo the fears of many who believe that the government should not have intervened in the market to the extent that it did. She has stated that regulations must be put in place that prevent individual financial institutions from becoming too big to fail. But she also said that the market should be left to itself, and that the government should not have too much interference in the market. The fallout of the bank bailout has been felt in many sectors of the economy. The financial industry, for instance, has seen huge layoffs and job losses, while many banks have been forced to create regulatory compliance divisions to deal with increased governmental oversight. The bailout also led to increased borrowing by the government, which has created a large national debt. Despite the criticisms, the bank bailout is seen by some as having prevented an economic collapse that could have been far worse than the one that was experienced. The banks, who were on the verge of bankruptcy, were prevented from failing, and the market was stabilized to some extent. However, Hillary's comments are a sign that questions are still being asked about the bank bailout, and whether it was the right response to the crisis. The US economy is still recovering, and there are still concerns about the level of risk being taken by financial institutions. As the 2016 elections draw closer, it is likely that these issues will be debated more extensively, and perhaps even lead to regulatory changes. https://inflationprotection.org/bank-bailout-makes-hillary-uneasy/?feed_id=99765&_unique_id=646a284a362c2 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailout #Clinton #congress #Hillary #plan #BankFailures #bailout #Clinton #congress #Hillary #plan
Comments
Post a Comment