Thursday, October 1, 2009
What is the role of banks?
The role of banks and financial institutions in America is to be there to help americans involving the economy. They let people to take out loans in their financial struggles, and expecting twice the money that the person took out expecting the person to pay it back within time.
AIG Bailout
This article is about the AIG Bailout and how the government helped out. They thought that AIG was to big of a company to lose so thats why they helped the company financially allowing them to get a loan of $85 billion. Telling how AIG is paying back the government. They were also worried by other companies who would of been affected such as wall street if AIG went into the deep bankruptcy.
http://online.wsj.com/article/SB122156561931242905.html
http://online.wsj.com/article/SB122156561931242905.html
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