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What does the federal bailout do?

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Called The Emergency Economic Stabilization Act of 2008 (or more colloquially the "Bailout Bill"), it provided the Treasury Department with $700B help the United States financial system by purchasing troubled assets (the major part of the bailout is called TARP, the Troubled Asset Relief Program) and providing loans for struggling companies. The links below will provide a summary and the full text of the bill.

It increases the national debt. If the benefits go to the wealthy it will further destabilize the economy. The root cause of the economic crisis in the U.S. is an artificial redistribution of wealth and a concentration of wealth among a small percentage of the population. Middle and Lower class people where seduced into believing they could afford a home, mortgage brokers pulled the rug out from under them and we are still reeling from the shock. Congressman Kucinich has referred to the 700 billion bill as "Racketeering on a scale this country has never seen before". That is the best description of the "700 billion USD plan" I have seen to date. See link below. Much of it is still evolving. Suggest you review wikipedia under bailout plan. See: http://en.wikipedia.org/wiki/Bailout_deal
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How will the federal bailout affect the deficit?

From the NY Times: According to the White House, the 2008 federal deficit is projected to be $410 billion, or about 3 percent of gross domestic product. While deficits are

What led to the need for the 2008 Federal bailout?

AnswerWhile the mortgage crisis is a major underpinning of this situation, one cannot blame it only on the people that could not afford their mortgages. The fact is that lendi

What is the 2008 federal bailout bill number?

HR 3997 is the Emergency Economic Stabilization Act of 2008. The bill is to "provide authority for the Federal Government to purchase and insure certain types of troubled asse

Did the 200 Federal bailout work?

  The bailout process has begun. We have not yet seen the end results of the bailout. We may start seeing them very soon. It is too early to comment on whether it worked

Are federal bailout actually helping the economy?

  Yes. The bailout is not something like a magic pill that would show effects in a single day. It would take weeks and months for the effects to be known. By the mid 200

Why are you having a federal bailout?

  The Reasons for the Bailout Package: 1. To Stabilize the economy 2. Improve Liquidity 3. Improve Investor Confidence 4. Reduce the impact of the financial cris

Which banks that received federal taxpayer bailout money?

  Show Me the TARP Money   Dec 18, 2008 04:57:59 PM   Here's our running count of the TARP (Troubled Asset Relief Program), the $700 billion bill passed and signed

Federal government bailout plans of major corporations are just?

  A very good question. Not an easy one to answer.   Many legislators voted against the 700 billion bailout on the basis that it was not the purpose of government. Pres

Which banks that didn't received federal taxpayer bailout money?

http://money.cnn.com/2009/09/11/markets/thebuzz/index.htm  This is from the website from above:  I've dug up, with the help of research available on TARP tracker Bailoutsleu