The article discusses Charles Munger’s opinion about the bank bailouts of 2008 and his advice for people in economic distress. Munger is a vice chairman of Berkshire Hathaway, a big company run by Warren Buffet. Munger thinks that the bank bailouts were necessary to prevent a bigger financial crisis. He also believes that during tough economic times, people should work hard and try to deal with their problems instead of complaining. Munger’s comments have sparked some controversy and debate.
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