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New Century Financial Corporation files for bankrupcy
Budget -
Period: to
US Economic Crisis
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Creation of Term Acution Facility
Savings: The creation of Term Acution Facility falls in the svings category because it allowed for institutions to obtain longer term funding. -
Bear Stearns is taken over by JP Morgan Chase
Leadership -
Fannie Mae and Freddie Mac are in government conservatorship
Savings -
Lehman Brothers files for bancrupcy
Trade -
Obama signs overhaul of financial system
Leadership: Obama allowed the financial system to be overhauled in 2010 when he signed off for it to occur. -
Unemployment falls below 8%
Trade- Position openings were increased to provide more jobs for the people. -
Approve "Fiscal Cliff"
It would put a lot of laws into effect that increase taxes and decrease spending. These would work to reduce the national debt.
Budget
