The Sand Bunker

Just another Blog by anDru

Bail Outs

These are the common words we are going to hear these days as government are bailing out banks from going deeper into bankruptcy. Bail outs are not actually a bad thing if the steps are really necessary especially when everything else seem impossible to save those giants banking group now.

I remember very well some 10 years ago, when we had our financial crisis and some currency in East Asia dropped drastically to a level never seen before that many countries did not have a choice but to get aid from the IMF. This maybe some kind of bail out to some, but some of these countries never really made it out of the tunnel and again 10 years after that the world was hit but another financial crisis due to sub prime mortgage issue in the United States. So far we have yet to hear any of IMF news or plan or is this the beginning of a long dark tunnel.

 

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