About seven years ago, representatives from the three major
American automobile companies went to Congress to request bailout
relief from the U.S. government to prevent possible bankruptcy.
This came after a major insurance company, financial corporations,
and many banks had been given bailout money to sustain themselves
and to make loans.
a) Do you think that the auto companies should have been bailed
out by the Federal Government?
b) Should the big banks be allowed to fail?
c) In capitalism, should there be private companies that are too
big to fail so that the government (we, the taxpayers) must give
them loans to stay in business? If so, please explain why. If not,
please explain why.
Please do research on these government bailouts before
you give your answer and cite your sources or you will not receive
a passing grade.