It has been years since the Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, became law. Lest we forget, the bailout was in response to bad loans and cascading losses at financial institutions including the collapse or near-collapse of Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, and Wachovia. The Troubled Asset Relief Program (TARP) authorized the U.S. Secretary of Treasury to spend up to $700 billion to purchase distressed assets and to make capital injections into banks.
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Get an expertly tailored investment portfolio custom to your needs. Book a free consult to secure retirement income, reduce taxes, and safely grow wealth.
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