I think it is Henry Paulson the US Treasury secretary.
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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 crisis on the US Economy and GDP.
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 2009 we will know the effects
The first draft was only rejected by the House, so no Senators voted on it. The first version of the bill to reach the Senate was passed. Here is the roll call of the Senate vote: http://www.govtrack.us/congress/vote.xpd?vote=s2008-213
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There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
Now with Bill Moyers - 2002 Behind the Bailout was released on: USA: 26 September 2008
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See http://en.wikipedia.org/wiki/Bailout_deal
Jay Cooke
Savings and loan banks
See: http://en.wikipedia.org/wiki/Bailout_deal
No, they have not received any TARP funds or any other Federal funds.
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
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 or not. We can expect some results in the next one or two quarters.
President Wilson did not establish the Federal Reserve. It was rushed through Congress on the last day before Christmas break. Many members were absent and none of them had a chance to study the bill. It was written by a banker, lobbied for by bankers, and benefits only the bankers. Exactly the same methods were used to pass the bailout bill in 2008.