Question

what did the U.S congress do in response to the financial crisis of 2007 and 2008?
a.set up the primary dealer credit facility (PDCF0 b. set up the troubled asset relief program (TARP) c. set up the commercial paper funding facility (CPFF) d.set up the money market investor funding facility (MMIFF)

Answer 1

The current financial crisis started in the US housing
market in 2007. The crisis spread across the world and
severely damaged the economies of many countries,
including the US, and reached a new level in
September 2008 as a number of prominent US-based
financial institutions, including AIG and Lehman
Brothers, collapsed.
This Research Paper first examines the underlying
causes of the crisis in the US. In particular, it examines
the emergence and collapse of the housing bubble and
the significance of the complex financial instruments
that transformed an asset price correction into a
significant domestic and global economic downturn.
The main focus is the response of governing
institutions in the US. Looking at responses before and
after September 2008 – drawing comparison with the
UK where relevant – this Paper examines the actions
of a wide range of institutions including the Federal
Reserve, US Treasury, Congress, Securities and
Exchange Commission and Federal Deposit Insurance
Corporation.


(read this ) :) :) :) @uugaa

Answer 2

Thanks

Answer 3

its actually multiple choice question and i just updated the choices...