Economics Explained
The Economics of Stimulus Packages
Inarguably, it's pretty bad right now. Businesses are closing, unemployment is rising, and people are scared for their health. Fortunately, governments are coming to the rescue with a swath of economic bailouts, stimulus checks, and...
Bloomberg
Biden: Taxpayers Aren't On the Hook for First Republic
President Joe Biden says JPMorgan buying First Republic is good for the US banking system and protects taxpayers. He spoke at the White House.
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Bloomberg
China Huarong Posts $15.9 Billion Record Loss
Aug.29 -- China Huarong Asset Management Co.’s long-delayed 2020 results showed a record loss. The embattled bad-debt manager reported a 102.9 billion yuan ($15.9 billion) loss for all of last year, slashing its shareholder equity by...
PBS
Pbs News Hour Extra: Where Does All the Bailout and Stimulus Money Come From?
Including discussion questions, Paul Solman identifies where the funding of these bailouts and stimulus money will come from in both document and video. March 18, 2009.
Khan Academy
Khan Academy: Paulson Bailout: Bailout 14: Possible Solution
A suggested alternaive to governout bailouts that is much fairer and that has a much better chance of working. [12:22]
Khan Academy
Khan Academy: Paulson Bailout: Bailout 9: Paulson's Plan
A video explaining how the Paulson's Plan was designed to buy toxic assets from banks that failed at a discount to help save the economy. Video explores that positives and negatives from the bailout plan. [11:05]
NPR: National Public Radio
Npr: Examining Chrysler's 1979 Rescue
Listen to or read the transcript of an interview with former Chrysler chairman Lee Iacocca about the government bailout of the Chrysler company in 1979.