Answer Happy

Check all of the following that are true about the financial crisis of 2008 and 2009. Less government intervention into the economy was the hallmark of the incoming Obama administration and its "stimulus" package that passed through Congress in February 2009 C Even though President Bush's first inclination was to let the banks fail (which would have been the capitalistic approach), the argument was made that the banks were "too big to fail" since their collapse would have had severe consequences for the whole economy the TARP bailout was a better example of socialism than capitalism An example of monetary policy, TARP was $700 billion worth of taxpayer money lent to the banks to prevent more of them from collapsing