Comments by "Serenity" (@SerenityM54L2SAM5L5N1) on "Why You Should Have An Emergency Fund" video.

  1. Short answer: Because the costs for companies tends to be way too high, and there's almost never any room to build up a financial buffer to tackle unexpected crises that lasts for months. Without appropriate bailouts, we'd see tens of millions more people losing their jobs, experience a recession, mass unemployment an a complete economic crash. Nobody wished to see that, hence why the Fed, administration, banks and some public officials were ready to apply appropriate measures to stimulate.
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