Choose 1 of the following topics related to the Great Recession: The housing price bubble, collapse, foreclosures,
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Question:
Choose 1 of the following topics related to the Great Recession:
- The housing price bubble, collapse, foreclosures, bailout of underwater mortgages
- Subprime mortgages and derivatives, bailout of FNMA, Freddie Mac and AIG
- The banking industry crisis, bailout of commercial and investment banks
Write an analysis of 1 of the following corrective actions taken by the Federal Reserve as a result of the crisis:
- Quantitative easing
- Purchase of toxic assets from financial institutions
- Paying interest on reserve balances
Address the following in your analysis:
- Actions taken by the Federal Reserve to mitigate the crisis
- How the corrective action helped to restore stability to the financial system
- How the corrective action should prevent recurrence of a similar crisis
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