Scale of uncertainty made some form of action necessary
The scale of uncertainty in the market and of the potential risks involved meant that the appearance of confidence, understanding of the problem, and a willingness to act on the part of the government was necessary to stop the panic spiralling.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
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How should the US and other governments respond? »How should the US and other governments respond?
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Measures to alleviate the immediate symptoms? »Measures to alleviate the immediate symptoms?
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The Emergency Economic Stabilization Act 2008 »The Emergency Economic Stabilization Act 2008
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Insufficient information available to make sound policy decision »Insufficient information available to make sound policy decision
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Scale of uncertainty made some form of action necessary
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