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The
History Guy Website
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The
United
States
Economic
and Mortgage Crisis
(2008)
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The
United States
Economic
and Mortgage Crisis
(2008)
As
the Unites States economy
seemed to grind to a halt with
the growing credit crunch, and
more and more large banks and
other financial institutions
collapsed, Treasury
Secretary Henry
Paulson
proposed a bailout plan which
would have the U.S. government
purchase the bad
mortgage-backed securities
from the private financial
sector, which in theory would
allow the banks and other
mortgage-holders to regain
financial health and to then
begin offering credit to
businesses and
individuals.
The U.S.
House of Representatives
failed to pass this plan in a
vote on Sept. 29,
2008.
On Oct. 3,
2008, the House approved a
modified
plan,
and the bill was signed into
law by President George W.
Bush later that same
day.
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Links
and Resources
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Dollar
Staggers as U.S. Unleashes
Cash Flood,
Deficit--Bloomberg,
Dec. 15, 2008
Mortgage
Meltdown: News About Subprime
Mortgage Litigation and
Legislation--Blog
about TARP and the mortgage
crisis
FDIC
Seizes Three Banks, Expanding
Loan-Relief
Effort--Washington
Post, Nov. 22, 2008
Foreclosures
to Be Suspended Over
Holidays--Washington
Post, Nov. 20, 2008
Lawmakers
Grill Kashkari on Changes in
TARP
Plan--Wall
Street Journal, Nov. 14,
2008
Bush
Signs Rescue Bill After House
Vote--NYTimes,
Oct. 3, 2008
The
No Votes: Details on the
Republican and Democratic
representatives who voted
against the $700 billion
financial bailout
plan.--NYTimes,
Sept. 29, 2008
Proposed
Bailout of United States
Financial
System
- Wikipedia article
House
Rejects Bailout Package,
228-205; Stocks
Plunge
- NYTimes.com
FACT
SHEET - Proposed Treasury
Authority to Purchase Troubled
Assets--September
20, 2008. hp-1150. FACT SHEET:
Proposed Treasury Authority to
Purchase Troubled
Assets.
Bailout
Bill Fails in House Vote Amid
Defections in Both Parties
-
WSJ.com
Treasury
Relents on Key
Points
- WSJ.com
NoBailout.org
- No Mortgage
Bailout!
MarketWatch:Bailout--Real-time
financial news, personal
portfolio tracking, stock
market quotes, expert
commentary, and personal
finance features.
Stop
The Housing
Bailout!--Stop
the housing bailout and Stop
the mortgage
bailout.
What
This Bailout Means to
You--The
Motley Fool
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Copyright
© 1998-2009 Roger A. Lee and History
Guy Media; Last Modified:
12.15.09
"The
History Guy" is a Registered
Trademark.
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Lee,
R. " History Guy: U.S. Economic
History"
http://www.historyguy.com/economichistory/index.htm
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Mortgage,
Credit, and Stock Market Crash
Events and Offices
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Wells
Fargo and Citigroup Repay TARP
Money to
Governement
--Timeline
of Events
--Automobile
Industry
Bailout
--The
Office
of Financial Stability
is
a new office within the Office
of Domestic Finance of the
United States Treasury
Department created by the
Emergency Economic
Stabilization Act of 2008 to
operate the Troubled Assets
Relief Program
(TARP).
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News
and Data on the
Economy
Trade
Adjustment Assistance as of
02.18.10
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Documents
Related to the 200 Mortgage
Crisis , Bailout, and the Great
Recession
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President
Bush Discusses the Bipartisan
Economic Growth
Agreement--Oct. 3, 2008
Paulson
Statement on Emergency
Economic Stabilization
Act--Oct. 3, 2008
Text
of the Emergency Economic
Stabilization Act of 2008
--passed by the Senate on
October 3, 2008 (PDF
format)
The
original Henry Paulson Bailout
Plan of Sept. 21, 2008
President
Bush Press Conference of July
15, 2008
Documents
from Congressman Dennis
Kucinich on the Mortgage
Crisis and Bailout
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Political
and Economic Personalities
Involved in the 2008 Mortgage
Crisis and Bailout
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Biography
of Treasury Secretary Henry M.
Paulson, Jr.
Biography
of Assistant Treasury
Secretary Neel
Kashkari--Recently named
to oversee the $700 Billion
bailout.
James
H. Lambright was named to
serve as the interim Chief
Investment Officer for the
Troubled Asset Relief Program
(TARP).
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