1) In addition support from the U.S. government through TARP funds, financial institutions received support from the Federal Reserve. You can read about Federal Reserve programs here.
How does Federal Reserve support differ from U.S. government support?
Government support is financed using funds from taxpayers.
The Federal Reserve can create an unlimited amount of funds to support financial institutions.
all of these
The Federal Reserve does not need permission from the U.S. government to implement its programs.
2) Read the article Bailout "Bill Fails in House Vote Amid Defections in Both Parties" published in The Wall Street Journal September 30, 3008 linked here.
If that does not work, try here. A version of this bill was later passed that created the Troubled Asset Relief Program (TARP). You can read more about TARP here.
How did the government initially intend to use the funds granted by TARP?
the intent was to give funds directly to homeowners to reduce their mortgage balances.
the funds were intended to be used to purchase ownership shares in failing banks.
the funds were intended to be used to buy distressed property.
the intent was to purchase mortgage bonds from banks.
3) Read the commentary article written by John Taylor (a well known economist) published in The Wall Street Journal in November 2008 located here.
According to the article, over the period of time when the tax rebates were received,
disposable income and consumption expenditures did not change.
disposable income increased and consumption expenditures increased slightly.
disposable income increased and consumption expenditures decreased slightly.
disposable income decreased slightly and consumption expenditures increased slightly.
4) In addition support from the U.S. government through TARP funds, financial institutions received support from the Federal Reserve. You can read about Federal Reserve programs here.
Which non-bank institution received a loan from the Federal Reserve?
Blue Cross - a health insurance company
all of these
American International Group (AIG) - an insurance company
General Motors (GM) - an auto producer