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In his dissent to the majority report of the Financial Crisis Inquiry Commission, conservative American Enterprise Institute fellow Peter J. Wallison [273] stated his belief that the roots of the financial crisis can be traced directly and primarily to affordable housing policies initiated by the United States Department of Housing and Urban ...
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output.
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
With the collapse of the housing bubble during the 2007-2009 Great Recession, Kenneth Lin wanted consumers to have free access to their credit scores so they could make informed financial ...
President-Elect Donald Trump's upcoming second term raises critical questions about the impact of his economic policies on Gen Z -- the youngest generation in the U.S. workforce. "Gen Z should ...
Rising debt and deficits threaten not only economic growth and income levels, but also increase the risk of a severe U.S. fiscal crisis if investors lose faith in the government’s ability to ...
In total, U.S. government economic bailouts related to the 2007–2008 financial crisis had federal outflows (expenditures, loans, and investments) of $633.6 billion and inflows (funds returned to the Treasury as interest, dividends, fees, or stock warrant repurchases) of $754.8 billion, for a net profit of $121 billion. [93]
The economic performance during the Obama administration can be measured by analyzing several key variables: [119] Analysis conducted by Bloomberg News in January 2019 found that the Obama economy after two years ranked second among the seven presidents from 1977 to 2019, based on fourteen metrics of economic activity and financial performance.