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How and what will happen to us as a result of the Wall Street Bailouts? ?
Billions of tax dollars went to bail out Freddie Mac, Fannie Mae, and AIG. What will be the effect on us, the consumers? When we we begin to evidence less and less of government programs and intitiatives?
1 Answer
- Bob PLv 71 decade agoFavorite Answer
Difficult to say at this point. Money that could have been used to cut the deficit and lower out interest rates will go to the bail outs.
Allowing Mac/Mae/AIG to fail would have been catastrophic.
Short term - probable little effect.
Long term - less foreclosures and a more stable baking system in this country.
It's too bad that the people who prospered over all of this will be able to get off with their money.
