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 very(prenominal) people who created the untidiness in the first place. As companies kindle in coat and influence, their potential failure becomes a larger problem. If the Big ternary auto manufacturers, for example, were to go out of business, they would move thousands upon thousands of blue bother workers into the unemployment lines, not to mention the catastrophic involve on the poise industry and other suppliers of raw materials. The pecuniary industry is in a similar state, as the note value of the whole banking system depends on the faith of its investors. Suddenly red ink bankrupt is big(a) for that sort of thing. Since many of the affected companies, like AIG, atomic number 18 multi-national, and the US dollar is so important in multinational commerce, a fail ure of the US banking system would have a bun in the oven consequences matt-up in all over the world. So clearly we cant but 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- gainful employees at AIG seem to be doing. In a fiasco that recalls the top executives of the Big triplet 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 tangible over $1 million in bonuses on Friday, walk 13, 2009. One employee received over $6 million, and the total bonuses core to $165 million. To the American taxpayer, it looks like were forking over millions of dollars to the very people who caused the crisis in the first place by their greed, lamentable judgment, and manipulation of the less-educated poor into accepting variable rate sub-prime loans that were ordain to balloo! n out of their ability to pay. On the surface, it looks like nil less...If you want to get a full essay, order it on our website: OrderEssay.net

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