As we all are aware of the economic crisis the US is going through and how many jobs are being lost, mortgages not being paid, and people getting in debt because they can not live within there means. But did you know it’s also affecting the world as a whole? I did some readings on the bail out for the banks, mainly because I have to build relationships with them through what I do for work and noticed that some big banks have started to let people go because there is no money. Banks are being cautious with loans now more than ever before and they are not making money. It’s kind of crazy how you saw the automotive industry come to Congress for help, and now you see that the banks are hitting rock bottom as well and unpaid mortgages defiantly doesn’t help. I won't bore you with my input on the issue, but check out the link below and see how the governments not only here in the US but governments across the world are helping these financial institution bounce back on their feet.
http://useconomy.about.com/od/criticalssues/a/global_bailout.htm
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