Tag Archive: uaw

The Bailouts of 2008 – Stop Already!!

There’s more that needs to be addressed since writing the previous post, The Bailouts of 2008 – What’s the Cost? Take a few moments to read it if you haven’t. It will shed more light on to what you’re about to read here. OK, good, thanks for reading. The long and short of it is…

The Bailouts of 2008 – What’s the Cost?

In a previous post, The Bail-Out – Who’s Being Bailed Out & Who’s Bailing Out!?!, the $700B government bailout of financial institutions was discussed. Unfortunately as expected, this has proven to be a fiasco. The Emergency Economic Stabilization Act of 2008 was supposed to buy up distressed assets of financial institutions with the overall effect…