Tag: George W. Bush

Should Government Bail Out Big Banks?

In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression.The conventional wisdom is that this failure and subsequent government rescue,commonly known as “the bailout” was brought about by three decades of bank de-regulation.There were a lot of causes for the meltdown, but deregulation wasn’t one of them. Ironically,it wasn’t because