Uncle CEO

Check Comprehension
1.Why has the government taken over some U.S. firms?
A: The companies are loosing money fast because of the horrible economy which acually causes more problems and more companies to do horrible.
2. What firms has the government taken over?
A:The companies the government have taken over are Fannie mae, Freddie mac, and AIG
3. What is a bailout?
A: A bailout is when the goverment buy a large part of a company to give it money to keep it going. Hopefully this will keep the business runing long enough for them to get back on their own feet.
4.Why does David Walker have doubts about the bailout?
David walker doesnt think the government has the "Core Competency" to run the businesses
5. What did Daniel Mitchell say about the bailout?
A:He said the officials are making smart decisions about how to run the firms
1. Do you think it is a good idea for the government to take over and run some U.S. forms? Why or why not?
A:No i defently do not think it is a good idea, if they plan on not interfering with the business and sell all of the company they bought back at the same price then it is a good idea. the goverment taking over businesses is a type of socialism and thats not a good image for america to have spending so many years working on the government that we have.
2. Would you agree with Daniel Mitchell that government officials are "doing the wrong thing in the best way possible"? Why or why not?
A: I don't think doing the wrong things is a good thing but if they are able to recover better and smarter then before then it can't hurt to much.