What was the Emergency Economic Stabilization Act of 2008?
A regulatory bill for the financial sector
An unemployment benefits extension
A $700 billion treasury fund bailout bill
A military spending package
Answer
The Emergency Economic Stabilization Act of 2008 was a $700 billion treasury fund bailout bill that was passed by Congress and signed into law by President George W. Bush in an effort to stabilize the financial system during the 2008 financial crisis. The bill created the Troubled Asset Relief Program (TARP), which authorized the U.S.
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