One of the Key U

question 65

Multiple Choice

One of the key U.S. government interventions to address the economic fallout of the recession of 2008 was

• A) nationalization of a handful of American banks.
• B) creating a Troubled Assets Relief Program (TARP) to give hundreds of millions of dollars to buy toxic assets and inject cash into the nation's biggest banks and corporations.
• C) liquidation of all of the mortgage assets of the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Mortgage Corporation ("Freddie Mac").
• D) a massive income and business tax cut to stimulate business activity.
• E) None of these choices are correct.