Utilizd 3-5 scholary sources to answer the following questions: During the Great Recession, some private businesses were
Question:
Utilizd 3-5 scholary sources to answer the following questions:
During the Great Recession, some private businesses were considered "too big to fail." Why were they considered too big to fail? Cite specific examples.
did the federal government expended a huge amount of money in bailout programs in an attempt to save these businesses considered too big to fail. Was that an appropriate expenditure of public money? What are the ethical considerations of expending public money in this manner? How and did congress provide oversight for the distribution of TARP funds? Was the oversight of funds they provided adequate? Explain your answer. Many employers who contributed significantly to the economy did not receive bailout funds. Did congress act appropriately concerning who would and would not receive "bailout" money? How can these decisions be ethically determined?