Skip to main content

Posts

Showing posts with the label t.a.r.p.

Was it right to provide the banks with a bailout due to their risky loans?

Peter Schiff on Fox Business with John Stossel 2/5/2015 Sign up for my free newsletter: Buy my newest book at Friend me on Follow me on ... ( 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 In 2008, the world was hit by one of the worst financial crises in living memory. The crisis started in the United States and quickly spread to other parts of the globe. The collapse of Lehman Brothers, a major investment bank, and the subsequent freezing of credit markets caused panic across the financial world. Governments around the world were forced to step in with emergency measures in an attempt to stabilize their economies. One of the key measures that many governments took was to bail out banks that had made risky loans. This led to a debate about whether such bailouts were justified. On one hand, some argued that bailing out bank