This Week’s Mtg on the Bailouts (1/14/10)

Topic:  “Status of the Bailouts: Are They ‘Working?’  How are Small Businesses Faring?”

Presentation

This can get complicated, and the links below (organized by me more or less by topics) get into many aspects of the problem.  But, understanding basically what the bailouts were and why they were done is not rocket science.  I’ll hold my remarks down to 15-20 minutes max to keep us all sane.  We can drill down into any one subtopic in discussion.  So we start off with a common frame of reference, my remarks will frame three issues:

  1. Why they did the bailouts — the crisis we faced and how limited the options were once the crisis exploded and the global economy began melting down.
  2. Who was “bailed out” and why — What were they trying to accomplish when they rescued the banking sector and the auto industry, and passed the fiscal stimulus bill.
  3. Did the bailouts “work?”

Of course, the real debate is, How can we prevent future such disasters, given the inherent difficulty and Wall Street’s death grip on our government?  I’ll research what’s being proposed (not enough?), but I’m thinking leave those details for our discussion.

Links

Causes: 

Bailout Amounts and Purposes:

Did It Work?:

The Future

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2 responses

  1. David,
    I’m very excited about this week’s topic. As you know, I’m reading Nial (pronounced Neal, by the way) Ferguson’s THE ASCENT OF MONEY. I am suddenly mortified by my ignorance of the history of banking, credit, bonds, insurance, etc. I’ve studied history and politics my whole adult life and yet knew virtually nothing about the evolution of finance and monetary policy.
    I’ll be full of fire tonight! Jim

  2. I’ve been doign a lot of reading on economic history lately, so fire away…

    Also, I’ll bring a few books on related subjects.

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