Government funding business assistance and opportunities are abundant nowadays. Everything that we can do for the economic recovery of our country is an excellent thing. Building new businesses and growing current companies will revive a slowly dwindling situation that we are involved in at the time. Adding a stimulus to the economy can be achieved through government funding business relief and assistance.
Economics can always be unpredictable, but if you do not try to change some of the things in the world, it will never have a chance to be better. Getting government funding business bailouts and assistance can make major impacts on US and the economy. Several of the best government funding business bailouts has included the savings and loan, insurance and mortgage industry.
Beginning in 1989, with the savings and loan institutions trouble and bailout, our conservative and fiscally responsible lenders helped to spur a housing boom which followed World War II. The fact that our institutions weathered that tough time with the assistance of government funding business contribution, gives hope for the future of the economy today.
Freddie Mac and Fannie Mae have also benefited and has immensely improved their contribution to the economy with a government funding bailout for the mortgage industry. Late in 2008, the government of the United States committed an amount of $200 billion in order to salvage these two giants in the mortgage industry. The federal government had to seize control over these private enterprises. They guaranteed a whopping one hundred billion dollars in cash credits so that they would not have to file bankruptcies. This helped the situation of our country in one of the best ways. Fannie and Freddie were also ones that fell victim to the disaster in sub prime mortgages where the government funding business advantage was that the shares were allowed to be sold to public investors.
The American International Group, also known as AIG needed the government funding business help as well. Many private lenders would not help them with loans when they were in financial trouble, but that just prompted the government to take control of that situation. In September of 2008, government funding business assistance took place within this giant insurance company. The seizure by the government represented the very first time that private insurance firms had ever been controlled and taken over by the government. Since that time, AIG has been profitable and that is just another example of where the tax dollars are being used to aid our economy. When you need to get government funding business assistance, it will benefit not only your own company from disaster, but it also lends a boost to the country and its economy.