comments
Respond
Comment on the article
Add a citation
Reply with an article
Start a new topic
Edit
Edit article
Delete article
Share
Invite
Link
Embed
Social media
Avatar
View
Graph
Explorer
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 levels
Load all levels
All
Dagre
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 level
Load all levels
All
Tree
SpaceTree
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Radial
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Box
Focus
Expanding
Down
Up
All
Down
Article ✓
Outline
Document
Down
All
Page
Canvas
Time
Timeline
Calendar
Updates
Subscribe to updates
Get updates
Past 24 hours
Past week
Past month
Past year
Pause updates
Contact us
Contain the economic impact of the credit crunch
Enacting the emergency legislation will help to contain the economic impact fo the credit crunch.
RELATED ARTICLES
Explain
⌅
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
⌃
How should the US and other governments respond?
How should the US and other governments respond?☜Exploring policy options open to the US government and the other governments in response to the global financial crisis.☜FFB597
⌃
Measures to alleviate the immediate symptoms?
Measures to alleviate the immediate symptoms?☜What measures are available to alleviate the immediate symptoms of the financial crisis?☜FFB597
⌃
The Emergency Economic Stabilization Act 2008
The Emergency Economic Stabilization Act 2008☜A law authorizing the US Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, from the nations banks—enacated on 3rd October 2008.☜59C6EF
■
Contain the economic impact of the credit crunch
Contain the economic impact of the credit crunch☜Enacting the emergency legislation will help to contain the economic impact fo the credit crunch.☜98CE71
↳
Whole financial system in danger of collapse without intervention
Whole financial system in danger of collapse without intervention☜In the absence of immediate, large-scale intervention the whole financial system appeared to be on the brink of collapse.☜98CE71
□
Treasury Secretary has capital injection for stock option
Treasury Secretary has capital injection for stock option☜The Act has been drafted to give the Treasury Secretary the discretion to pursue a strategy of capital injection in return for stock, should he judge it appropriate to do so.☜9FDEF6
□
Relieve the immediate credit crunch
Relieve the immediate credit crunch☜Enacting the emergency legilsation will help to relieve the immediate, acute credit crunch (by throwing $700 billion at the problem).☜98CE71
□
Abandoning free market principles
Abandoning free market principles☜Abandoning free market principles.☜EF597B
□
Compounds $53 trillion US deficit
Compounds $53 trillion US deficit☜The financial rescue plan compounds the US deficit, which stood at $53 trillion at the end of the last fiscal year.☜EF597B
□
Doesn't punish bankers for mistakes
Doesn't punish bankers for mistakes☜The act denies the public a cathartic sense of retribution/nemisis in failing to punish the bankers for their mistakes.☜EF597B
□
Insufficient information available to make sound policy decision
Insufficient information available to make sound policy decision☜Neither lawmakers nor ordinary citizens had enough information to properly assess the real risks, the need for action and what an appropriate course of action might be.☜EF597B
□
Involved extra $100bn of irrelevant sweetners
Involved extra $100bn of irrelevant sweetners☜$100bn in irrelevant sweeteners were added to the legislation in order to secure support from lawmakers.☜EF597B
□
Moral hazard
Moral hazard☜It is poor policy to insulate the financial players from the risks and consequences of their actions in this case, as it reduces the incentive for them (and others) to behave more responsibly and carefully in the future.☜EF597B
□
Printing more money just devalues the USD more
Printing more money just devalues the USD more☜By printing/borrowing more money to fund the Stimulus Package, we are guaranteeing the demise of an already-devalued USD. Asian and European investors are already bailing out of buying U.S. Treasuries (the U.S.s main source of deficit funding), so this plan will do nothing but prolong the pain... ☜EF597B
□
Transfers a mass of toxic assets from banks to the government
Transfers a mass of toxic assets from banks to the government☜The banks are in trouble because they are holding a mass of toxic assets, and the Act, in effect, transfers this mass of toxic assets to the government—i.e. it takes the toxic assets off the banks hands.☜EF597B
□
Graph of this discussion
Graph of this discussion☜Click this to see the whole debate, excluding comments, in graphical form☜dcdcdc
Enter the title of your article
Enter a short (max 500 characters) summation of your article
Click the button to enter task scheduling information
Open
Enter the main body of your article
Prefer more work space? Try the
big editor
Enter task details
Message text
Select assignee(s)
Due date (click calendar)
RadDatePicker
RadDatePicker
Open the calendar popup.
Calendar
Title and navigation
Title and navigation
<<
<
November 2024
>
<<
November 2024
S
M
T
W
T
F
S
44
27
28
29
30
31
1
2
45
3
4
5
6
7
8
9
46
10
11
12
13
14
15
16
47
17
18
19
20
21
22
23
48
24
25
26
27
28
29
30
49
1
2
3
4
5
6
7
Reminder
No reminder
1 day before due
2 days before due
3 days before due
1 week before due
Ready to post
Copy to text
Enter
Cancel
Task assignment(s) have been emailed and cannot now be altered
Lock
Cancel
Save
Comment graphing options
Choose comments:
Comment only
Whole thread
All comments
Choose location:
To a new map
To this map
New map options
Select map ontology
Options
Standard (default) ontology
College debate ontology
Hypothesis ontology
Influence diagram ontology
Story ontology
Graph to private map
Cancel
Proceed
+Comments (
0
)
- Comments
Add a comment
Newest first
Oldest first
Show threads
+Citations (
0
)
- Citations
Add new citation
List by:
Citerank
Map
+About
- About
Entered by:-
David Price
NodeID:
#7068
Node type:
SupportiveArgument
Entry date (GMT):
10/8/2008 4:03:00 PM
Last edit date (GMT):
10/8/2008 5:52:00 PM
Show other editors
Incoming cross-relations:
0
Outgoing cross-relations:
0
Average rating:
0
by
0
users
Enter comment
Select article text to quote
Cancel
Enter
welcome text
First name
Last name
Email
Skip
Join
x
Select file to upload