UNCLE CEO

1. Why has the government taken over some U.S. firms?
The government is taking over the U.S. firms because there is no money left .
2. What firms has the government taken over?
The governement has taken over AIG and Chrysler Corp
3. What is a bailout?
A bailout means giving money to the companies to keep them from failing and federal officials have put new experienced leaders in place.
4.Why does David Walker have doubts about the bailout?
David Walker has doubts about the bailout because he says the government does not have the core competency to run AIG. He said it needs to focus on doing "what needs to be done" to get the economy back on track.
5. What did Daniel Mitchell say about the bailout?
He said officials are making responsible decisions about how to run the firms. He did not approve of the bailout but he said "it appears like they're doing the wrong thing in the best way possible."


1. Do you think it is a good idea for the government to take over and run some U.S. forms? Why or why not?
I think it is a good idea because it helps the government to get some money and helps boost the economy up.
2. Would you agree with Daniel Mitchell that government officials are "doing the wrong thing in the best way possible"? Why or why not?
I wouldn't agree with him because the government is doing different things to try to get the economy to flow again. Maybe this has failed but it can probably work out this