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Broadly speaking, a bailout is to provide financial assistance to an entity about to fail. And yes, in recent history the US government has stepped in a few big times to save the day.
Do you see? Sometimes the crisis may come from a specific industry or sector of the economy, like the housing market crash of 2008, which ended up blowing up on Wall Street. When the government has to refill the banks and financial institutions with money, to keep the system from going down. That is referred to as a corporate bailout.
It is not a popular move by any means.
You get acquainted with economic recessions as you grow old and live through one or two. It is when economic and social events escalate to a tipping point and the economy starts to decrease. And you know who always gets the worst part of it. Hint, it’s not the big bankers or corporations.
It seems like, when they lose, the government comes to the rescue. They’re too big to fail.
But even when the crisis is not about the bankers’ greed. Even when it’s something like a pandemic virus, the big players still manage to get the best of it. Did you know more than half of the money…
