Life threatning based on economy

The government funded bail surface of the banking organisation is featuring heavily in the news these days, and for respectable reason. Theres something perverse about paying billions of dollars to the rattling people who created the untidiness in the first place. As companies ferment in coat and influence, their potential failure becomes a big problem. If the Big ternary auto manufacturers, for example, were to go out of business, they would swarm thousands upon thousands of blue bother workers into the unemployment lines, not to mention the catastrophic dissemble on the poise industry and other suppliers of raw materials. The pecuniary industry is in a similar state, as the valuate of the whole banking system depends on the faith of its investors. Suddenly passing bankrupt is big(a) for that sort of thing. Since many of the affected companies, like AIG, are multi-national, and the US dollar is so important in supranational commerce, a failure of the US banking sy stem would reserve consequences felt up in all over the world. So clearly we cant merely let these giants fall, because if they do theyll fall on us. But they dont have to rub our faces in it, which is what some of the top- pay employees at AIG seem to be doing. In a fiasco that recalls the top executives of the Big tether automakers flying to Washington, D.C.

on private jets to beg for money, AIG just paid the parties responsible long bonuses. Despite receiving $170 billion in government bailout money, 73 already highly-paid employees at AIG each authorized over $1 million in bonuses on Friday, run into 13, 2009. One employee received over $6 million, and the total bonuses nub to $165 million. To the American taxpayer, it ! looks like were forking over millions of dollars to the rattling people who caused the crisis in the first place by their greed, poor judgment, and manipulation of the less-educated poor into accepting variable rate sub-prime loans that were bound(p) to balloon out of their ability to pay. On the surface, it looks like nothing less...If you want to get a full essay, order it on our website: OrderEssay.net

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