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they occur. In early 2000’s former FED president Alan Greenspan announced that the interest rate on treasury bills was reduced to only 1% to keep the economy strong. However, in short time, interest rates commenced to decrease all over the ...
policy response to this recession was unprecedented in its size and scope. Monetary policy in 2008, under Chairman Bernanke, was the most expansionary since World War II (WWII). The Fed's emphasis remained on the stability of the banking se...
Social security was a social insurance program created in 1935 as part of the second stage of the New Deal during the Franklin Roosevelt administration. Social Security was created in response to the more radical proposals by Senator Huey L...
used by the Fed's low interest rates, abundant liquidity and the frivolous attitude of mortgage companies to the borrowers. A chain reaction around the world caused by the fact that mortgage companies trying to get out of difficult situatio...
article, a receiver is not the identical as a trustee in a bankruptcy. However, the two schemes have many in widespread and a receivership of a one-by-one or a company generally happens at the identical time as a bankruptcy. The new legisla...
of the Internet during the Last Decade The origins of the Internet date back nearly 40 years, with the U.S. military's funding of a research network dubbed Arpanet in 1969. Since then, the Internet has undergone more than just a name change...
money supply according to the following principle: The lower the aggregate demand, the lower the supply, and the higher the unemployment rate. A decrease in the money supply, which can be accomplished by raising rates, will shift the aggre...