Markets Crash Dragging Everything with it
Tuesday, January 13th, 2009
The instability of the US economy has markets crashing and recovering in a matter of days, while staying at danger levels. If it were not for moves by the Federal Government, the outcome may have been worse. But could they have made it any better? many say yes but industry analysts say the government can only do so much, and that leaves companies to deal with the fall-out. The bailout funds are planned and allocated before they are even submitted for deliberation and that would not come easy for the president and his staff have to convince lawmakers that the money would be spent on the economy and not to pad the wrongdoing of the people who run it.
Many instances of firms receiving bailout funds have been found to have resulted in wrongful allocations along with fraud and many other cases of the money going to other than the desired recipients. Markets continue to slide and expectations are high, but reality has a way of playing out predictions, with recovery predicted to come after many more years. This may well have been one of the worst economic problems this modern day and age.