The Emergency Economic Stabilization Act of 2008 was designed to help
illegal immigrants.
victims of Hurricane Katrina.
banks and other financial institutions.
victims of terrorist attacks.
Answers
Answered by
19
The Emergency economic stabilization act of 2008 was designed to help banks and other financial institutions.
Explanation:
- This act was passed by the US congress in order to prevent the collapse of financial system at the time of subprime mortgage crisis.
- This was to promote financial market stability.
- In order to renew confidence in the functioning of global banking system as well as to end the financial crisis objective of this very act was laid down.
- It was primarily caused by the deregulation in the financial industry.
- There were few listed companies,bailed out in the year of 2008 due to the crisis.
Answered by
4
Answer-banks and other financial institutions.
The Emergency economic stabilization act of 2008 was designed to help banks and other financial institutions.
Explanation:
The US Congress passed this law to protect the financial system from collapsing during the subprime mortgage crisis.
This was done to keep the financial markets stable.
The goal of this act was to restore trust in the functioning of the global banking system as well as to end the financial crisis.
The financial industry's deregulation was the primary factor.
Due to the financial crisis in 2008, only a few publicly traded corporations were bailed out.
#SPJ2
Similar questions