What was President Bush's response to the financial crisis?
A) to state publicly that nothing could be done until the markets corrected themselves
B) to support a federal bailout of the banking industry
C) to put the unemployed to work building roads and bridges
D) to say he had lost faith in the free-enterprise system
E) to blame it on Americans being greedy and not saving

Question

Quizplus · Accepted Answer

President Bush supported a federal bailout of the banking industry, which included injecting money into banks in order to stabilize the financial system. He signed the Emergency Economic Stabilization Act of 2008, which authorized the Troubled Asset Relief Program (TARP) to provide financial aid to struggling banks and other financial institutions.

What Was President Bush's Response to the Financial Crisis