Timothy Sumer

Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis. 🚨 PragerU is experiencing severe censorship on Big Tech platforms. Go to to watch our videos free from censorship! SUBSCRIBE 👉 📲 Take PragerU videos with you everywhere you go. Download our free mobile app! Download for Apple iOS ➡ Download for Android ➡ 📳 Join PragerU's text list! SHOP! 🛒 Love PragerU? Visit our store today! Script: In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as "the bailout" was brought about by three decades of bank de-regulation. There were a lot of caus

It is a bleak irony that the very same regulations which would have prevented the need for a bailout at Silicon Valley Bank were lobbied against in Washington by its CEO, Gregory Becker back in 2018. Join us at www.berniesanders.com!... ( 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 The 2008 financial crisis brought the global economy to its knees, resulting in widespread job losses, foreclosures, and significant damage to the banking sector. While many financial institutions were hit hard, one bank in particular stood out for its role in the crisis: Citigroup. In the years leading up to the crisis, Citigroup had been a strong advocate for deregulation in the banking industry. They fought tirelessly to eliminate restrictions and regulations that they believed were strangling their business and preventing them from achieving