
Every so many cycles in business there's a scare or what may be termed a panic in industry. It happens when institutions like banks have over lent or overspent. The tough part is either the government, or some other financial institution must come to the rescue. With every high and low there comes a time when an absolute recovery is necessitated by the decisions and guide of the Reserve.
Remember when the banks were having a tough time just a few years ago? This was when Chase bought Bank of America thereby preventing utter collapse. And in other cases the government had to step in. Whether the need for bailout was due to poor leadership or not it's still remarkable that people, residents of the United States, don't get to have funding in the millions shore up a life where it's hard to get by.
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