The conversation between human and AI assistant.
In layman’s terms, what caused the 2008 financial crisis?
I heard that the government bailout was controversial. What was that all about?
The government bailout was a controversial move to prevent the complete collapse of the financial system. The government provided funds to banks and other financial institutions to help stabilize the market and prevent a domino effect of failures. Some people criticized the bailout, arguing that it rewarded reckless behavior by the banks that caused the crisis in the first place.