November 12, 2008 at 12:27 am
#786547
Inactive
so when Asian markets in 98 were defaulting, USA was very much against bailouts. Free market they said, let the invisible hand fix everything and have firms go bankrupt. And now you don’t want to take some of your own medicine ?
The answer to your question is No, because not all companies are too big to fail. But its a silly question in the first place. Would you bail out joe the plumber too?