Are you kidding me? No bailouts? The aid we send every year to Egypt pays for 80% of their military and a portion of the aid pays for education and welfare services. If the Egyptian government only has to pay for 20% of the military and also gets welfare aid from us, what exactly are they doing with their money? Is there a pattern here....corrupt governments receive aid and bailout money and then don't use it to help their people and then can't pay it back and so on and so on....Maybe this is what life is like with bailouts.<quoted text>
If you want to know what life would be like without bailouts take a look at Egypt right now. They are out on the streets risking their lives not just because of religious differences. It's because they have NOTHING to lose, NO future, No money and a growing population into poverty.
That is what too big to fail looks like! So wake up & learn from history instead of trying to re-live it.
Egypt has already received USD 3 billion from the United Arab Emirates, USD 2 billion of which was a cash deposit and USD 1 billion an outright grant along with another 6 billion of aid coming in from other countries.