No More Taxpayer Bailouts for Financial Institutions

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No More Taxpayer Bailouts for Financial Institutions

Рет қаралды 926

Ай бұрын

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If you remember the FINSAC era, you know all about taxpayer bailouts for failed financial institutions. When these institutions go under, a lot of people are affected, so the government usually steps in to prevent customers from losing all their money. But that comes at a cost to taxpayers.
Governor of the Bank of Jamaica, Richard Byles, says that will be a thing of the past! There is to be legislation introduced to prevent taxpayers from footing the bill if a financial institution fails.
➡️Read a transcript of this video here:
🗣️Let’s get this money!💰

Пікірлер: 13

@glenroygrant Ай бұрын

Those who lead these financial institutions should be made to be accountable.

@ewancameron5192 Ай бұрын

Never you trust the words of a politician

@malcolmp4889 Ай бұрын

Facts facts facts

@kendgabe822 Ай бұрын

Had no idea this was a thing in Jamaica. The government needs to invest in the people and attract industries to Jamaica.

@akoben Ай бұрын

Well, the government needs to stop regulating the economy to such an extent that it ends up benefiting the big guys at the expense of new entrants. The too big to fail phenomenon is a government creation

@davidgray1098 Ай бұрын

That them say

@sugadre123 Ай бұрын

When pigs fly

@njm543 Ай бұрын

Great move JA

@tariqali-uz2vw Ай бұрын

Government has been bailing out Banks/Financial institutions with taxpayers 💵 while they merge do buyout file bankruptcy and CEOs and Directors sail off into the sunset on their catamarans😮 whatever happens to all that money insurance companies collect and must people never file a claim? Can we start getting a loan back or some kind of rebate in these financial challenging time🤔 L.G.T.M😉