evelyncristel
contestada

Why did Bush propose legislation to help American savings and loans?

to create a new type of bank

to end an economic crisis created by failing banks

to help pay down the federal debt created by overspending

Respuesta :

holesstanham

Answer:

to end an economic crisis created by failing banks.

Explanation:

The Emergency Economic Stabilization Act of 2008 was an act signed into law by President George W. Bush. The act created the Troubled Asset Relief Program, which was designed to purchase distressed assets from financial institutions that had suffered during the financial crisis of 2007-2008. These institutions included Lehman Brothers and American International Group. The funds that the government provided were redirected to inject capital into banks and other financial institutions.

Tundexi

The reason that President Bush proposed the legislation to help American savings and loans was to end the economic crisis created by failing banks.

What is the proposed legislation?

The proposed legislation birthed the bill called Emergency Economic Stabilization Act of 2008

This legislation was created as the Troubled Asset Relief Program that was designed to purchase distressed assets from financial institutions that had suffered during the financial crisis.

Hence, the funds provided were redirected to inject capital into banks and other financial institutions.

Therefore, the Option B is correct.

Read more about EESA

brainly.com/question/16562223

Otras preguntas