Emergency Economic Stabilization Act of 2008

Persuasive or Argumentative Did you know that since 2008 the federal government spent almost $700 billion dollars of taxpayer money to bail out companies (“Bailout Tracker,” 2016)? The government has used this money to give to companies that are failing or were about to go bankrupt. This is a small group of people deciding what businesses get the money and stay in business and which ones don’t. The money comes from us, the taxpayers, and it shouldn’t be used to support failing companies. It is a waste of our money and can be used for better programs that benefit all the people not just a few. Government bailouts shouldn’t happen and companies that can’t succeed without government assistance should fall to the hands of the free market. The federal government has allocated billions of dollars to over 900 companies through the Emergency Economic Stabilization Act of 2008 or TARP (Times, 2016). In a section of this bill it states that some of these companies are to repay the funds received and then that money will be given back to the taxpayers (Times, 2016). However out of the few that have supposedly paid back the money what has been done to benefit…

In 2008, the stock market took a plunge and lost approximately 1.2 trillion dollars. Many factors led up to this incident such as the Lehman Brothers bankruptcy and Emergency Economic Stabilization Act. The fall of the housing market quickly followed shortly after. Homeowners across the nation found themselves with no choice but to foreclose their beloved home. Six years later, these victims, who are called “boomerang buyers,” are beginning to get back on their feet, and get back on track with…

or country which is facing bankruptcy (‘Bailout”). The earliest example of a government program to help solve economic failure, would be 1933. Roosevelt held the gold confiscation to bailout the banks at the time. By having the collected a total 600 tons of gold it would create a credible base for the United States. The problem was once most of the American citizen’s gold was turned in, Roosevelt then raised the price from 20 dollars to 35 dollars an ounce. There were a few bailouts thought the…

The subprime mortgage crisis was the closest the United States had come to economic instability. The subprime mortgage crisis was a four-year long period in which the home prices and ownership plummeted. The crisis started out in the 1990s, when the United States government wanted to help increase homeownership by the deregulation of policies. To tackle the issue of “affordable housing” the Department of Housing and Urban Development helped ease regulation to private companies and banks when…

Introduction When banks and large corporations have huge pending bills that they are unable to settle, they can turn to the government for a financial bailout. According to Casey and Posner (2015), a bailout is a transfer of resources, including money from the government to a private agent or even to an allied government. Government bailouts are aimed at preventing the potential collapsing of the economy by insuring the corporations against collapse. Notably, there was a substantial bailout in…

Is Brexit the Lehman Moment for the $100 Trillion Global Bond Bubble? Is Brexit the Lehman Moment for the $100 Trillion Global Bond Bubble? Most economies have barely recovered from the 2008 subprime mortgage fiasco that was caused by sloppy lending practices at banks, overextended them and compromised essential liquidity to pay their own debts. Investopedia.com reports that Lehman Borothers, the fourth-largest investment bank in the United States, was forced to declare bankruptcy with $619…

The 2008 meltdown had taught lessons to essential market actors, such as banks, governments and nations worldwide of interconnected actions and following consequences of financial hardships. The introduction of Emergency Economic Stabilization Act of 2008 and the fact of actually surviving the meltdown had slowly earned back Americans’ trust in real estate market investments as of today. Real estate seems to be a great method for people to invest their money in until obtaining an ownership or…

The Tax Relief and Health Care Act extended these credits for another year in 2006. In 2008, the Emergency Economic Stabilization Act extended the tax credit again for eight more years in residential and commercial projects. This also eliminated the monetary cap for residential solar electric installations, permitted utilities and allowed the credit to be used against the alternative minimum tax so they could quality for the credit. The Omnibus Appropriations Act created the last and most…

political power gives rise to legislation that increases and accelerates the cycle.” The wealthy are able to use their power to control legislation through lobbyist groups and political donations. The term Precariat is used to describe a new form of the proletariat, who due to the economic climate is suffering from lack of job security and must accept a number of activities necessary to maintain access to employment. Whereas, the proletariat was simply a laborer. The insecurity of the…

societies, institutions, businesses, and lives can devolve into chaos and corruption. Morality is closely tied to the values of fairness, justice, and equality. The big bank bailout of 2008 significantly challenged our sense of morality by showing how inequality and injustice are alive and well in the banking world. More importantly, it showed us that social class often determines how individuals fare when institutions dispense with morality. The events that led to the 2008 recession and the…