February 05, 2009

The big US Bailout package - 10,000 USD per person - FAQs

There have been a lot of questions in many people's mind about the rationale behind bailout packages. One of the intriguing question was - If the total bailout package given by US to banks and other companies works out to USD 10,000 per tax paying person in US - does it not make sense to give the money to the individuals to clear off their loans - rather than giving it to the bank?

I found this link on CNN.com that provides an answer to many of such kind of questions. It definitely provided a good insight into the economics behind it - hopefully you will also find it worth reading...

Click here for the link - there are 12 questions (one on each page)