Emergency Economic Stabilization Act (EESA) of 2008
- Emergency Economic Stabilization Act (EESA) of 2008
- One of the bailout measures taken by Congress in 2008 to help repair the damage from the subprime mortgage crisis. The act gives the Treasury Secretary the authority to buy up to $700 billion of troubled assets and restore liquidity in financial markets. The Emergency Economic Stabilization Act (EESA) was originally created and proposed by Henry Paulson.
The original form of the EESA was rejected by the House of Representatives in September of 2008 and was therefore revised. A revised version was passed the following month. Proponents of the plan felt that it was vital to minimize the damage done to the economy by the mortgage meltdown, while detractors felt that the cost of the plan was way too high.
Investment dictionary.
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Emergency Economic Stabilization Act — US Präsident Bush diskutiert den Rettungsplan mit Mitgliedern des Kongresses Der amerikanische Emergency Economic Stabilization Act (EESA), etwa Notgesetz zur Wirtschaftsstabilisierung, auch unter dem Namen Paulson Plan nach dem US Finanzminister … Deutsch Wikipedia
Emergency Economic Stabilization Act of 2008 — ▪ United States legislation legislation passed by the U.S. Congress and signed into law by Pres. George W. Bush (Bush, George W.) on Oct. 3, 2008. It was designed to prevent the collapse of the U.S. financial system during the subprime… … Universalium
Emergency Economic Stabilization Act of 2008 — US Präsident Bush diskutiert den Rettungsplan mit Mitgliedern des Kongresses Der amerikanische Emergency Economic Stabilization Act (EESA), etwa Notgesetz zur Wirtschaftsstabilisierung, auch unter dem Namen Paulson Plan nach dem US Finanzminister … Deutsch Wikipedia
Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… … Wikipedia
Paulson-Plan — US Präsident Bush diskutiert den Rettungsplan mit Mitgliedern des Kongresses Der amerikanische Emergency Economic Stabilization Act (EESA), etwa Notgesetz zur Wirtschaftsstabilisierung, auch unter dem Namen Paulson Plan nach dem US Finanzminister … Deutsch Wikipedia
US-Rettungspaket — US Präsident Bush diskutiert den Rettungsplan mit Mitgliedern des Kongresses Der amerikanische Emergency Economic Stabilization Act (EESA), etwa Notgesetz zur Wirtschaftsstabilisierung, auch unter dem Namen Paulson Plan nach dem US Finanzminister … Deutsch Wikipedia
Troubled Asset Relief Program — TARP redirects here. For other uses, see Tarp. This article is about the Treasury fund. For the legislative bill and subsequent law, see Public Law 110 343. For the legislative history and the events leading to the law, see Emergency Economic… … Wikipedia
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Oversight of the Troubled Asset Relief Program — The Emergency Economic Stabilization Act created the Troubled Assets Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector… … Wikipedia
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