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Essay

Bushs' Economic Bailout Of 2008

Essay specific features

 

Issue:

Social Issues

 

Written by:

Leif A

 

Date added:

July 28, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 848

 

Was viewed:

4479 times

 

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Essay content:

U.S. Treasury Secretary Henry Paulson called for a $700 billion plan to solve the downward trending economy. The intent of the $700 billion was to “increase the liquidity of the secondary mortgage markets and reduce potential losses encountered by financial institutions owning the securities” (Text of Draft Proposal for Bailout Plan, 2008)...
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Doing this, in theory, greatly reduces the stress on financial institutions both here in the U.S., and abroad. The proposal, costing each working American $4,635, displays Americans picking up the burden of a failed business practice. What’s worse is that the plan my eventually lead to a government profit based on American tax dollars...
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