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The Emergency Economic Stabilization Act of 2008 commonly referred to as a bailout of the U.S. financial system, is a law authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, from the nation's banks. The Act was proposed by U.S. President George W. Bush and Treasury Secretary Henry Paulson during the global financial crisis of September-October 2008.
The purpose of the plan was to purchase bad assets, reduce uncertainty regarding the worth of the remaining assets, and restore confidence in the credit markets.
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.
What else can I help you with?
What does FS on the dime mean?
You'll need a magnifying glass, but the letters are "JS" rather than "FS". They're the initials of John R. Sinnock, who designed the Roosevelt dime.The initials FS are on a US coin. Felix Schlag designed the original Jefferson nickel.
If Trust is spelled with a V what is it worth?
That's the way the coins were designed. Several US coins have a TRVST because the designer wanted a 'classical' look and there is no "U" in the Latin alphabet.
What does the term 'IRA mutual funds' mean?
IRA mutual funds are those that are suitable for an IRA. An IRA is otherwise known as an 'Individual Retirement Account'. It is an account designed for retirees in the US.
What two outcomes is classification designed to produce?
wo outcomes is classification designed to produce are CONTROL & PLANING
How much a 1929 Morgan silver coin worth?
Could you tell us a bit more about this coin? I won't say for certain that no coins designed by Morgan were made in 1929, but the dollar coin that is named for him was not minted after 1921.
Who designed current US flag?
I did.
Who invented the US penny?
Coins are not "invented", they're designed. The first circulating cents were designed by the US Mint's Chief Coiner Henry Voight.
Who designed 1867 nickel?
The designer was James B. Longacre he designed many US coins.
The statue of liberty was a gift to the US from?
France. designed by the same man that designed the effiel tower
What us president who was a great architect and designed his home?
Thomas Jefferson. He designed his home, Monticello
Who designed email?
US govenment during WW2
Which country does the Lewis gun come from?
Designed in the US, manufactured in the US and in Great Britain.
When was the eiffel tower given to the US?
The Eiffel Tower is French, and has never been given to the US. Gustave Eiffel, the guy who designed the Tower ALSO designed the metal fram inside the Statue of Liberty, which was given to the US.
Who was the last president who designed the US flag?
danyon christie
Who designed the us monetary system?
It was designed in 1944 by 730 delegates from 44 allied nations and was called the Brenton Woods System.
Who designed the first flag of the US?
A man by the name of Francis Hopkins is recognized by congress to have designed the first flag in 1775 for the navy.
Who was the Frenchman who designed the US Capitol?
Pierre Charles L'Enfant.
