http://www.nytimes.com/2008/09/16/business/16paulson.html?_r=1&
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Published: September 15, 2008
Found in the NYTimes
Right now the stock market is in a crisis they are crashing, all of these banks are losing their business, and all of their money. When people hear about this crisis they feel that their money is not safe they are taking out all of their moneys from certain banks and that is not good for the bank. The banks are loosing a lot of money and that is not helping anything at all. Everyone is going to panic and start taking their money and moving it somewhere else. If thats keeps on happening a lot of banks are going to go bankrupt, and loose their business. Some advice that I would give on this matter would be, let the government help these people get their business back in order, but they should not entirely bail them out. If the Government were to bail them out fully, it would be like nothing ever happened. This should be a lesson to those companies, that did not do a good enough job in managing their money and business. The reason why the government should help the Lehman Brothers is because they are a bank that is holding peoples money so it would benefit us as well as their company, but like I said before the government should help a little not fully that way these companies won't become dependant on the help from the government , and think that every time they have a problem that's where they look for help.
Found in the NYTimes
Right now the stock market is in a crisis they are crashing, all of these banks are losing their business, and all of their money. When people hear about this crisis they feel that their money is not safe they are taking out all of their moneys from certain banks and that is not good for the bank. The banks are loosing a lot of money and that is not helping anything at all. Everyone is going to panic and start taking their money and moving it somewhere else. If thats keeps on happening a lot of banks are going to go bankrupt, and loose their business. Some advice that I would give on this matter would be, let the government help these people get their business back in order, but they should not entirely bail them out. If the Government were to bail them out fully, it would be like nothing ever happened. This should be a lesson to those companies, that did not do a good enough job in managing their money and business. The reason why the government should help the Lehman Brothers is because they are a bank that is holding peoples money so it would benefit us as well as their company, but like I said before the government should help a little not fully that way these companies won't become dependant on the help from the government , and think that every time they have a problem that's where they look for help.
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