As a result of the global financial crisis in 2008 and 2009,the U.S.government was often criticized for "bailing out" large financial institutions. Such bailouts are examples of:
A)Corporate governance
B)Corporate socialism
C)Financial negligence
D)Capitalism
E)Deregulation

Question

Quizplus · Accepted Answer

Bailouts of large financial institutions can be seen as an example of corporate socialism, where the government intervenes to support private businesses with public funds. The decision to bail out these institutions was made to prevent the collapse of the financial system, but it was widely criticized for benefiting corporate interests at the expense of taxpayers. Corporate governance refers to the systems and processes by which companies are directed and controlled, and financial negligence would refer to irresponsible financial practices. Capitalism involves the private ownership of the means of production and the market-based allocation of resources, and deregulation refers to the reduction or elimination of government regulations.

As a Result of the Global Financial Crisis in 2008