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*****This is just trash don't read it; it's not a real paper it's BULLSHIT!!!!!!!**************8

What is being done to put out the fire?
• The U.S. government has spent (or committed) more than a trillion dollars in trying to
prevent the collapse of U.S. financial markets. Following the bailout of Bear Sterns,
AIG, Freddie Mac, and Fannie Mae, the U.S. Congress approved the Emergency
Economic Stabilization Act to give authority to the U.S. Treasury to buy troubled
mortgages and mortgage-related securities. However, the original package (US$ 700
billion) has been revised to include a recapitalization of banks, federal guarantees on
new bank debt for three years and FDIC insurance for non-interest bearing accounts. If
the troubled assets (MBS) bought by the Treasury are later sold at a fair market value,
this could ultimately be a profitable transaction for the U.S. government. And, if the
Treasury finds the right buyers for the banks that it partially owns, then it......

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Approximate Word Count: 1653
Approximate Pages: 7 (250 words per double-spaced page)

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