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Is it correct to bail out the bankrupted companies in the age of gloomy economy

Created by : Phani Dasam, PMP, Senior Engineer, Nokia India Pvt LTd  | 1 month ago
Industry : BankingFunctional Area : USA(Markets)
Keywords : economy
Activity: 0 referals  22 views;  last activity : 5 days ago

A bailout is an act of giving capital to a company in danger of failing in an attempt to save it from bankruptcy, insolvency, or total liquidation and ruin; or to allow a failing company to fail gracefully without spreading contagion.
 
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The banks failed, and in failing destroyed the livelihoods of millions of workers. The bailout package will bring back some cheers in the share market, which was having a roller-coaster ride. The claim is often used with financial services firms, and the reason is always that they are too integrated into the rest of the economy, that letting them fail would be catastrophic. So the bailing out of the companies will help them to get back on track.
By Namrata Pathak, Accounts Manager, American Express  | 1 month ago
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Why should government bailout those companies which are bankrupted because of its own faults. I feel it is not good to spend the tax money generated from general public to bailout these companies. Ofcourse bailout may save the employees of the company to loose their jobs and their livelihood but at the same time the public money is spent on few individuals. This doesn’t make sense to me.
By Phani Dasam, PMP, Senior Engineer, Nokia India Pvt LTd  | 1 month ago
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A bailout is an act of giving capital to a company in danger of failing in an attempt to save it from bankruptcy, insolvency, or total liquidation and ruin; or to allow a failing company to fail gracefully without spreading contagion.
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