See: http://en.wikipedia.org/wiki/Bailout_deal
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
The Financial Bailout and the Big 3 bailout
The Senate bailout bill, formally known as the Emergency Economic Stabilization Act of 2008, was passed with a vote count of 74 in favor and 25 against. This legislation aimed to address the financial crisis by providing financial assistance to banks and other financial institutions. The bipartisan support reflected the urgency of the economic situation at the time.
See: http://en.wikipedia.org/wiki/Bailout Bailout refers to the action of helping out somebody in trouble. You can compare the bailout in financial terms to the bail or parol we get for someone in jail. In bailout, a company with strong financial status offers to help a company that is in dire financial needs. Such a scenario is where the stronger company bails out the weaker one.
A bailout is an act of rescue, especially of a financial nature, or a backup supply of air in scuba diving.
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
Discover Bank did not receive a bailout during the financial crisis. Unlike many other financial institutions, Discover was able to remain solvent and did not participate in the Troubled Asset Relief Program (TARP) or similar government assistance programs. As a result, the bank operated independently without federal bailout funds.
No, Capital One Bank did not receive a bailout during the financial crisis of 2008. Unlike many other financial institutions, Capital One was able to maintain its stability and did not require government assistance. The bank's focus on credit cards and consumer banking helped it navigate the crisis without the need for a bailout.
I think it is Henry Paulson the US Treasury secretary.
Yes and no. Completely out of "financial trouble"- well probably not. The intent is to restore the credit markets through mortgage backed security purchases. Obviously, the approach is controversial. See Wikipedia for Bailout deal with many links.