The Reasons for the Bailout Package:
1. To Stabilize the economy
2. Improve Liquidity
3. Improve Investor Confidence
4. Reduce the impact of the financial crisis on the US Economy and GDP.
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I think it is Henry Paulson the US Treasury secretary.
Yes. The bailout is not something like a magic pill that would show effects in a single day. It would take weeks and months for the effects to be known. By the mid 2009 we will know the effects
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1. The talk of raising the minimum wage. 2. The corporate bailout by the Federal Government. 3. The development of a Consumer Financial Protection Agency.