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Topic: Business
Number of pages / Number of words: 3 / 695
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Of course, the 1929 market crash was a sudden event, the current markets automatically shut down is a certain percentage is lost .. meaning all assets are frozen for a "cool down" period. After the 1929 collapse, it was mostly uphill from there (stock wise).

If we let financial services companies fail would probably cause a sharp and potentially long recession which would arguably cost taxpayers a whole lot more than the proposed bailouts...


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Losing confidence in our financial system is pretty much the worst thing that can happen. That’s why we have such complex and amazing systems in place to make sure that, for instance, ATMs and banks never run out of money. All this scary information doesn’t make what’s happening right now in congress OK - but it makes it seem more favorable than the alternative...


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