During the financial crisis of 2008, the Treasury Department prevented the failure of Bear Stearns investment bank and AIG insurance company because they were considered too important to the economy to fail.

Question

Quizplus · Accepted Answer

This is true. The Treasury Department deemed Bear Stearns and AIG as systemically important institutions and took steps to prevent their failure to protect the broader economy.

During the Financial Crisis of 2008, the Treasury Department Prevented