The US government gave the banks (e.g. Bank of America), insurance companies (e.g. AIG), and car companies (GM, Chrysler, and GMAC) billions and billions dollars to get them out of the tight financial spot they were in. The US government gave a bail out to the banks for them to loan money to small businesses and home owners, but instead the banks loaned the bail out money back to the government with about 4% interest profit. This worked for the banks, but not really anybody else. The US government gave a bail out to the insurance companies so that they wouldn’t go out of business and other businesses could continue to operate with insurance, this worked. The US government gave a bail out to the big US car companies for the same reason as the insurance companies, this worked too but in my opinion it was pointless. The Japanese, Korean, and German car companies could have sold cars just as well as GM and Chrysler. So, I think the government is 2-1 in bail outs which is a not bad soccer score.
Lawboy-
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