Will Governments Wait Until Panicked Again Before Acting?

Recession was not severe enough to correct all the excesses of the previous partying on easy money As the downturn worsened severely in 2008, governments around the world finally jumped in with massive panicked rescue efforts. In March 2008, there was the $29 billion bailout of Bear Stearns, in May the $178 billion in stimulus checks to consumers, in July the $300 billion for at-risk homeowners, in September the $25 billion bailout of automakers, and the $200 billion bailout of mortgage provider Fannie Mae, and in October the $700 billion bailout of banks. The efforts continued after the Obama Administration came in, with the $787 billion ‘average American’ stimulus (cash for clunkers, tax rebates to . . . → Read More: Will Governments Wait Until Panicked Again Before Acting?