Emergency Economic Stabilization Act of 2008
Emergency Economic Stabilization ActPaulson financial rescue planWall Street bailout$700 billion bailout planbailoutbailout billproposed bailout of United States financial system2008 bailoutbailout of the U.S. financial systemfederal bailout money
The Emergency Economic Stabilization Act of 2008 (Division A of ), commonly referred to as a bailout of the U.S. financial system, is a law enacted subsequently to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks.wikipedia
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