2008 Bank Bailouts Begin | This is CRAZY…(read more)
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The year 2008 will always be remembered as a tumultuous year in the financial industry. The housing market had crashed, leading to a domino effect that threatened the stability of many major banks. In an unprecedented move, the United States government intervened with a massive bank bailout plan to prevent further economic collapse.
The Troubled Asset Relief Program (TARP) was enacted in October 2008, allowing the U.S. government to inject billions of dollars into struggling banks. The goal was to stabilize the financial system and restore confidence in the markets. However, the decision to use taxpayer funds to rescue these banks was met with controversy and debate.
Critics argued that the bailouts amounted to rewarding the reckless behavior of the banks, which had engaged in risky lending practices and contributed to the housing market crash. Many Americans were outraged by the idea of using their hard-earned money to rescue institutions that had contributed to the financial crisis.
Despite the opposition, the government proceeded with the bailouts, believing that the collapse of major banks would have catastrophic effects on the economy. In the end, the TARP program provided financial support to over 700 banks, totaling more than $400 billion.
The bank bailouts of 2008 were a controversial and unprecedented intervention in the financial sector. While some argue that the program prevented a complete economic meltdown, others believe that it set a dangerous precedent and rewarded irresponsible behavior.
Looking back, the events of 2008 serve as a cautionary tale about the risks and consequences of a financial system that is too big to fail. The aftermath of the bailouts prompted regulatory reforms and closer scrutiny of the banking industry to prevent a similar crisis from occurring in the future.
It’s clear that the bank bailouts of 2008 sparked a lasting debate about the role of government intervention in the economy and the responsibilities of financial institutions. Whether the decision to bail out the banks was ultimately beneficial or detrimental to the long-term health of the economy is a topic that continues to be discussed and debated to this day.
I feel like people have been saying there is a crash coming since 2019. People have been waiting on the sidelines for 4 years. If you're gonna stay in the home for years AND YOU CAN AFFORD IT, why not buy? People always ignore the part where I say "YOU CAN AFFORD IT."
I miss WAMU! That was my first bank.
If i take my money out though I can't buy a house
Oh my gosh, I cannot even express how much I love the Real Estate Mindset Channel with Travis as the host! It's my absolute favorite channel to watch, and I never miss an episode. The tips and advice Travis gives are so invaluable and have helped me and my family so much when it comes to investing in real estate.
However, I have to admit, I'm feeling a bit unsatisfied lately. You see, Travis always used to say the opening tagline, "Absolutely bonkers, and the data is in!" right after the opening music, and it was just the best thing ever. It really pumped me up and got me excited for the rest of the episode.
But lately, he's been skipping it, and it's been such a huge letdown for me and my family. We all look forward to singing along to the "absolutely bonkers" part, and it just doesn't feel the same without it.
Travis, if you're reading this, please bring back the "absolutely bonkers" tagline! Your fans love it and it just doesn't feel the same without it. We're all waiting anxiously for it to make a return, so please don't disappoint us!
This sounds weird, but this news makes me feel grateful that I'm already dirt poor living on 2k month to month.
Tax the rich? BS. Pay their fair share? BS.
Deregulation has proven to not matter. You blame deregulation, but the problem is the government bailing out the losers. The government is causing a "controlled recession," yet bails out banks due to political pressure. Deregulation isn't the problem, it's the government trying to control the winners and losers in what the free market should be deciding.
The FDIC is supposed to bail out depositors up to $250,000 of an individual's deposits in the bank. No more than that.
This is how prices always go up. Manipulation
Idk about the ten yr..The money saved with a "slightly" lower mortage rates isnt enough to entice most people sitting on the sidelines.
Travis, you just ask the question what is happening to our nation, and the answer is, stupid people voted for corrupt Democrats, and here we are, stop voting for Democrats people, vote for Trump
California literally has millions of people living in their cars and on the street, but let’s bail out the rich people again, Gavin Newsom has got to go, along with every single one of the Democrats in this country, their corruption is the cause of all of this, wake up people, vote for Trump
Trump is right there waiting for us to elect him again, we all have to ask ourselves, do we have any brain cells left, or do we like all this corruption with the Democrats, it’s your country, how do you like to see it all fall apart like it is, I happen to like my kids and want to leave them a better world, vote for Trump please
you clowns keep voting for Republicans SMH
Trump is the only answer, but people are so stupid, it just makes me scratch my head
No Travis, it is time to talk about it, Trump was the answer , And remains the only answer, if you love your kids and grandkids, you will vote for Trump, end of story
At this point, anyone that would not want Trump back is a complete and utter moron
Digital currency is the dumbest idea I have ever heard, ever
Trump is the only answer, but people are too stupid to understand that, it is as simple as that
The positions and wrestling is pretty good but we do need to acknowledge that there are some exceptions… and ALL the exceptions are on the same side
Hi Travis! I have started working with Veterans united to get a VA loan. i am paying down / off some credit cards to raise my FICO score.
where is Jerome? he got disappeared today…. maybe was standing in front of SVB to get money out
Who are the politicians that put tarp back in to play?
Its a double edged sword. Everyone here hoping for no bailout so the housing market will crash. What happens to your plan to buy if your bank closes and your savings for your home dissappears?
Understand what is happening. Silicon valley companies are withdrawing because they are loosing money. They are still loosing money even if they now have access to the money now.
Home prices will come down to fundamentals. Relax. It will take time. Maybe 2 years. Most of all, each city/market will be different.
What really makes me mad is they can come up with billions in a weekend to rescue their rich friends, but it's been months and the people of East Palestine Ohio get NOTHING.
What fool keeps more then $250,000 in a bank , has to be a scam SVB.
Look who's on the boards of the Fed. Fed isn't for The People.
Read Creature From Jekyll Island.
WWIII coming to a theatre near you.