Emergency Economic Stabilization Act of 2008

(redirected from Emergency Economic Stabilization Act)

Emergency Economic Stabilization Act of 2008

Legislation in the United States that authorized $700 billion for the government to purchase high risk assets (particularly mortgage-backed securities) from banks and other financial institutions to keep these institutions from collapsing due to defaults. It also allowed this money to be used to provide capital directly to banks. The Act was passed because it was thought that the U.S. (and indeed the global) financial industry was on the verge of collapse because of excessive risk taking. It is widely considered a bailout of American (and some foreign) banks. See also: Late 2000s recession.
Mentioned in ?
References in periodicals archive ?
The recent examples of the government interventions to avert economic recession and financial meltdown are USA's bailout package of more than US$ 700 billion for banks through Emergency Economic Stabilization Act of 2008.
Other criteria apply, and the FHFA said the statutory authority for offering the program stems from the Emergency Economic Stabilization Act of 2008.
Indeed, with the US financial sector on the brink of collapse, the Emergency Economic Stabilization Act of 2008 moved up the effective date for offering interest on reserves by three years, to October 1, 2008.
These include the Housing and Economic Recovery Act of 2008, the Emergency Economic Stabilization Act of 2008, and the Helping Families Save Their Homes Act of 2009.
The past few years have seen a number of changes to Form 1099 reporting as a result of the Emergency Economic Stabilization Act of 2008.
Because of my training as a CMA, a focus on computer skills, and my management accounting expertise, I was chosen to work on projects such as the 2008 Emergency Economic Stabilization Act.
(NASDAQ: CZFC) reported it repurchased from the United States Department of the Treasury an additional 94 shares of the original 250 shares of the series A Fixed Rate Cumulate Perpetual preferred stock that the company had issued to the Treasury in 2008 under the TARP Capital Purchase Program of the Emergency Economic Stabilization Act of 2008.
"Banks got bailed out, we got sold out" has long been a rallying cry of the Occupy Wall Street movement following the $700-billion Emergency Economic Stabilization Act of 2008 that kept financial firms afloat after their bad bets went South, RT reported.
You can find the patented Feinstein Yea on virtually every major expansion of government power in the last 10 years, including the authorization for the use of military force in Iraq, Sarbanes-Oxley, the USA PATRIOT Act (and its subsequent reauthorizations), the 2008 Emergency Economic Stabilization Act (which created the notorious Troubled Asset Relief Program), the Patient Protection and Affordable Care Act (a.k.a.
Restrictions on Emergency Economic Stabilization Act (EESA) Funds
The Emergency Economic Stabilization Act of 2008 (EESA) (15) was signed into law by President George W.
On October 3, 2008, the Emergency Economic Stabilization Act of 2008 (EESA) was signed into law.

Full browser ?