Involved extra $100bn of irrelevant sweetners

$100bn in irrelevant "sweeteners" were added to the legislation in order to secure support from lawmakers.

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The Global Financial Crisis
How should the US and other governments respond?
Measures to alleviate the immediate symptoms?
The Emergency Economic Stabilization Act 2008
Involved extra $100bn of irrelevant sweetners
Treasury Secretary has capital injection for stock option
Contain the economic impact of the credit crunch
Relieve the immediate credit crunch
Abandoning free market principles
Compounds $53 trillion US deficit
Doesn't punish bankers for mistakes
Insufficient information available to make sound policy decision
Moral hazard
Printing more money just devalues the USD more
Transfers a mass of toxic assets from banks to the government
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