CSULB Economic Stabilization Act Debate

!±8± CSULB Economic Stabilization Act Debate

Property prices are crashing. Bear Stearns, Lehman Brothers and Washington Mutual, have been acquired for pennies on the dollar. Fannie Mae and Freddie Mac are under Federal Government conservatorship. U.S. commercial banks have tightened credit standards, and a credit crunch threatens global financial markets. All this feeds the fears of an economic slowdown that many believe could result in a deep recession in the U.S. and around the world. The U.S. Treasury and the FederalReserve Board has developed a plan for a package of $ 700 billion rescue for Wall Street and the rescue will be discussed by a panel of experts in the CSULB campus. The panel will discuss what caused the crisis, which means that the rescue, what are the implications of the bailout, and how Main Street, not just Wall Street is concerned.

CSULB Economic Stabilization Act Debate

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