Timothy Sumer

This clip we talk about the recent bank bailouts.... ( 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 2023 Bank Bailouts: A Necessary Evil? In the wake of the 2008 financial crisis, the term "bank bailout" became a household phrase associated with government intervention to rescue struggling financial institutions. Though controversial at the time, these bailouts were seen as necessary to prevent a complete collapse of the global financial system. Fast forward to 2023, and the world finds itself grappling with yet another potential crisis, prompting discussions surrounding the possibility of new bank bailouts. The COVID-19 pandemic has wreaked havoc on economies worldwide, causing widespread job losses, business closures, and a sharp decline in economic activity. Governments have responded with massive fiscal st...

​In this revision video we look at arguments for and against bailing-out the banking system during a financial crisis. The UK government under Chancellor Alistair Darling and Prime Minister Gordon Brown took the decision to launch a multi-billion-pound bail out of the financial system during the Global Financial Crisis which reached a peak in the Autumn of 2008 with the bankruptcy of Lehman Bros in the United States. Four major commercial banks were given a financial life-line although not every bank required one, for example Barclays (later to become mired in controversies of its own). Royal Bank of Scotland (government acquired 84%) – still retains around 60% Lloyds Banking Group (government acquired 43%) – all shares now sold Northern Rock (100% nationalised) – sold to Virgin Money (2012) Bradford and Bingley (100% nationalised - 2010, Bradford & Bingley was renamed Santander UK Total spend on UK bank bail outs estimated at £137 billion, net spend is around £23 bill...