During the Recession of 2008-2009, the Administrations of Presidents George

question 144

Multiple Choice

During the recession of 2008-2009, the administrations of Presidents George W. Bush and Barack Obama flooded several banking, financial services, and insurance firms with government funds in exchange (at least temporarily) for government ownership rights. The unprecedented move signaled the government's concern that the global banking system might collapse if these firms ended up in bankruptcy. The decision for active government involvement in the operations of these firms demonstrates:

• A)The unforgiving nature of capitalism.
• B)The desire for more individuals in the U.S. to live under a socialist system.
• C)The trend toward mostly capitalist nations to move toward socialism.
• D)The freedoms the U.S. government has under capitalism.

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Definitions:

Mediation

A confidential process involving a neutral third-party mediator who helps disputing parties discuss and try to resolve their conflict without going to court.

Alternative Dispute Resolution Act

Legislation that promotes the use of alternative methods, such as mediation or arbitration, for resolving disputes outside of traditional court proceedings.

Federal District Courts

Courts of the United States that deal with both civil and criminal cases under federal law. They are the trial courts of the federal court system.

Litigants

Individuals or parties involved in a lawsuit.