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The economy and the financial industry

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If you have been keeping up with the nation's finances, you know that Fannie Mae and Freddie Mac are in trouble. So are Lehman Bros. and Washington Mutual Bank (WAMU). They may collapse. Should we just let them collapse? After all, bad management got them in their predicament. The US. auto industry is also on the verge of collapse. Should we let them go? If we bail anyone out, who pays the ultimate price?

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Solution Summary

This soltuion provides the learner with a discussion on the current financial climate and whether it is in the countries best interest to bail out the various financial institutions and auto industry.

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The bottom line is no we should not simply let these businesses collapse. At first glance, it looks as if the U.S. tax payer is taking a hit due to the bail out ...

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