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After the 2008 crash, tax payers were reassured that big businesses learned their lesson and that they wouldn’t need bailouts again. Now, in 2020, the bailouts are starting all over again
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STOP Bailing Out The Airlines And Banks
0:18 – The $700 bailout with TARP after the 2008 crash
1:59 – Who is getting bailed out during the 2020 economic crisis
3:25 – Airline companies spent $45 billion on stock buy backs and now want a $50 billion bailout
4:07 – Indirect bank bailouts
5:00 – Bank bailouts through the Fed buying bonds from banks
6:18 – The indirect bailout to buy corporate bond ETFs
7:30 – Tax payer paid bailouts are to protect a business that’s too big to fail
7:56 – The risk of bailing out businesses
9:20 – What happens when a business fails for employees through bankruptcy
10:50 – Bailouts breed market unfairness
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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence….(read more)
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The recent pandemic outbreak has shown us how fragile our economy is. The government has been actively involved in providing stimulus packages and bailing out big businesses in order to keep the economy afloat. However, there has been much debate about whether such bailouts are actually helpful in the long run.
One of the most talked-about industries that received a bailout during the pandemic is the airline industry. Various airlines worldwide faced huge losses due to the travel restrictions imposed by governments to contain the spread of the virus. To save the airlines from bankruptcy, many governments stepped in by providing bailouts and grants.
The problem with such bailout packages is that they tend to be very costly and tend to create a moral hazard. A moral hazard refers to the notion that these businesses become more reckless and make decisions that lead to more risk-taking because they know that the government will ultimately come to their rescue.
Furthermore, it is the common people’s tax money that is being used to support these big businesses. This raises questions about the fairness of government intervention in the economy. In such a scenario, it is vital to ensure that such bailouts are only given when all other options have been exhausted.
Another industry that has been bailed out several times by the government is the banking industry. The banking sector is an essential part of the economy, and providing assistance during the time of crisis might seem like a wise decision. However, the problem with bailing out banks is that it rewards reckless behavior and keeps the status quo by keeping poorly performing banks afloat.
Moreover, bailing out banks might create an illusion of safety among savers, who might believe that their deposits are guaranteed. This could lead to more risky investments, and in turn, increase the likelihood of another financial crisis.
In conclusion, while some might argue that bailing out big businesses is essential to protect the economy, it is crucial to acknowledge the potential repercussions of such bailouts. Instead of relying on short-term fixes, governments should focus on creating long-term solutions that help businesses sustain through difficult times. It is time to rethink the whole concept of bailouts and ensure accountability and responsibility among businesses. The government must stop bailing out big businesses and find more effective and sustainable solutions to the problems they face.
Tax payers, tax paying entities and all documented individuals that are tax payers are protected from this bail out, this bail out always result to losses and deficits. Tax payers are protected from losses, as they all receive what is rightfully theirs, as they are paid taxes, withheld.SME General Practices, practitioners, all fields of studies are orderly and efficient.
You sir are very knowledgeable and a great communicator. You clearly script out your videos. In addition you cover the who, what, why and where details. Very informative. Please comment guys/girls. We need these vids at the top of the search results on YouTube.
I pretty much can tell you, if we got rid of the elites in power, 90% of our problems would be gone over night.
And that's a fact.
Here's what you're not being told.
You see, you're being told that the Fed is going to keep the market from crashing, so you can ignore the fact that it is historically overvalued.
That's not true.
Yes, the big players run the Fed.
Yes, it has been corrupted and politicized.
Yes, it has become a tool to enhance the wealth of the already wealthy. But the conclusion that this is going to keep the Fed from preventing a crash is false.
You see, the big players make lots of money on a crash.
They sell at the top, hold the cash, watch the fall, and then buy back in at a steep discount.
They end up holding the same stocks and new bales of liquid cash.
So, they want a crash.
The Fed isn't going to stop a crash because the big players want a crash.
That's what you're not being told.
Economic theory is survival of the fitness, the strong live and the weak die.
bill gates got 3.5 billion in the 1400 bill.
I came for knowledge i stayed for the beard .. The argument that these big banks have their hands on so many pies that if they fail they will take the other banks with them and a chain reaction of economic implosion will happen, and we will get a recession. Anyway the pain would have to be felt eventually now or in the future. We are only delaying the inevitable healty deflation .. Economy doesn't always goes up.
Corporate Socialism! I Thought Corporations Hate Socialism. They hate taxes aren't they?
Make video in Punjabi language or in Hindi Language also
Rewatched this after a recent video of airline demanding/blackmailing government for another bailout
We’ve never lived under Capitalism, corporate fascism draped in the american flag via our 2 party system. 7 Americans have more wealth than 99% of Americans.
This is what people should be rioting and protesting over instead of BLM. Forget about police brutality and look at the real crimes of our rich overlords that want to enslave us all.
FFFFF THE AIRLINES
And still public are watching instead of standing against government to stop.
Jaspreet for president.
lol how does a company demand a tax payer bail out
No airline mean no economy India is a good example sir …
IT's NOT HAPPENING ALL OVER AGAIN! This is a false narrative. The government is mandating the economy be shut down and this is not normal business that can be planned for. If you want a true free market economy, the government needs to NOT shut down the free market economy and leave it up to companies to provide a safe environment for their customers. COMPLETELY DIFFERENT THAN A BUSINESS THAT WAS BADLY RUN as this is not what is happening.
Makes no sense, Tax Payers Bail out big businesses. Then charge us stupid prices to use the SERVICE, THAT WE JUST PAID FOR! Rich looking after The RICH. GREEDY PIGS!!
thank you…. wtf. lol
no. go home.
When the Government makes you close your business down it's hardly a bailout
06:57 How do I make a GIF of Jaspreedt saying "Oh you sneaky sneaky!"
Bailout from tax papers
The government is collapsing the economy
Haha, big businesses learning their lessons… If only… Unfortunately these bailouts enable corporations to continue taking foolish risks.
This time if the government doesn't offer help carefully , they might end up eating the fuselage of the airplane, because will be no many humans who can afford to buy airplane tickets anymore.
ingermany its called kopf oder zalh more logical never saw a coin with a head and a tail.
1st. This wasn't a bail out you fkn moron. There was no reckless business practices idiot. The government shut them down!!! 2nd You should go to the middle east and tell them how to run things over there. This is Christ County… not Allahs
Stop bitchin n start a revolution!!
If businesses can't learn the way you teach, then how can you teach so that they'll learn?
Great video!
I hustled durimg the whole video, man! Thanks for sharing!
How is america still functioning with these bad practices. Do they not realize what their decisions will cause down the line. I think there is one simple reason why they can take these decisions – doing something for someone else using some one else's money. As long as these decisions do not affect the individuals that make these decisions in real time they will continue to keep making these decisions.
I like this guy.
He’s right. The banks are getting a bailout.. they have a permanent bailout card via the fed. This unlimited buying power was enacted in the wake of 2008. They have been using the discount window like crazy. Banks can literally never lose and they can only get bigger.
Noooo!!! I want the bailout because I just invested in Air Canada stock.
The term you are looking for is called moral Hazzard and we are on round 3 of government intervention.
YOU DONT UNDERSTAND..THEY ARE NOT "BAILING OUT" …THEY ARE TAKING CONTROL, WITH FIAT "MONEY"…IT IS A CULT THAT HAS TAKEN OVER , AND YOU ARE OBLIVIOUS , DUE TO THE FACT THAT YOU ARE UNDER A MIND CONTROL OPERATION …AND CANT SEE WHATS GOING ON RIGHT IN FRONT OF YOU.