It’s a fact, during the Financial Crisis, it was private entities which were bailed out. They were too big to fail and so the governments stepped in to backstop these imminent failures. Today however, the governments are insolvent, and will need to be bailed out. Unfortunately, there isn’t enough money in the world to save this system.
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Sources Used in This Video:
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Era of super-cheap 1pc mortgage deals is over
https://www.yahoo.com/news/era-super-cheap-1pc-mortgage-192326082.html
Venezuela offers chocolates but little else to creditors
http://www.reuters.com/article/us-venezuela-bonds/venezuela-offers-chocolates-but-little-else-to-creditors-idUSKBN1DD0IG