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The aim of the Treasury's financial stabilization plan was to stabilize the financial system, not to resolve all the long-term issues raised by the financial crisis, such as the "too big to fail" problem.
By John Cassidy March 9, 2010 The aim of the Treasury's financial stabilization plan was to stabilize the financial system, not to resolve all the long-term issues raised by the financial crisis, such as the "too big to fail" problem.
It's an economic stabilization plan".
Why not call it a "markets stabilization" plan?
A year ago, I wrote a piece attacking the administration's financial stabilization plan.
On this occasion, I chose to focus on the immediate economic consequences of Geithner's stabilization plan.
Similar(6)
To break the recessionary dynamic, they suggested that they would pursue an integrated economic program consisting of a big stimulus bill, a meaningful effort to help struggling homeowners, a rescue package for the Detroit automakers, and an effective bank-stabilization plan; and in the final weeks of 2008 the Dow jumped nearly twenty per cent.
After all, it's the anniversary of his Financial Stabilization Plan being launched.
The Stabilization Plan set the stage for the period of rapid economic growth known as the Spanish economic miracle.
This crisis led to a major change in economic policy, and in 1959 a team of technocrats announced the Economic Stabilization Plan.
In addition to the $700 billion Troubled Asset Relief Plan (now called the Financial Stabilization Plan), regulators have pumped trillions through a variety of loan and backstop programs.
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