Banks should receive billions of dollars in assistance from their governments during a financial crisis that was in large part their fault. To what extent do you agree or disagree with this statement? Give reasons

Some people say that

governments

should support

banks

when they have trouble,

while

others believe that they are not in charge of that. In

this

report, I will present both sides of

this

conflict, and

then

allow me to share my point of view.

Banks

are helpful, economical, and necessary;

as a consequence

,

governments

should help them whenever they have an issue.

Firstly

, they are responsible for helping them because they are requisite. For

further

explanation, people need

banks

for various purposes, and without them, the population will be poor and angry.

For example

, a report illustrated that both companies and individuals depend on them to save money, get a loan, and invest in their properties.

Secondly

,

governments

need

banks

to raise their economy. A report presented that the majority of taxes and fees that they take are from

banks

;

as a result

, if

banks

close, the whole country will be in poverty.

Although

the points mentioned above are strong, there are adverse points which hold equal strength. The first one is that

banks

are as important as any other facility. For

further

explanation, some people argue that if the government supports the

banks

, they should

also

help any other facility.

Also

, some articles acknowledged that hospitals, schools, and markets are as important as the

banks

, and citizens need them in their daily lives, just like

banks

, so it is reasonable to support these facilities as well, and the

governments

can not rent a variety of facilities.

Besides

that, it is the bank's responsibility to solve its problems. A lot of studies captured that each facility is capable of solving its issues, and the government does not have to give them any assistance. In conclusion, there are merits and demerits of supporting

banks

during their financial crisis;

however

, I believe that they do not have to help them.