Bailout
What do you think would happen if there was no bailout? Or the Bailout don’t work, what then?
I heard a statement on TV by an “expert” that the banks are like corner drug dealers, one leaves the corner and five more move in to have that corner. He continued; How do you think Bank of America and Citigroup got so large in the first place, buying out small, poorly managed banks. My “local” bank would love a piece of their business.
What do you think?
Why Bailout Citibank?
Only On The Web: CBS news correspondent Kelly Wallace speaks with personal finance expert Jordan E. Goodman about the US government bailout of Citibank, one of the largest banks in the world.
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