During the credit crisis, the U.S. government purchased the common stock of the largest banks in order to inject funds into the banks and cushion their losses.

Name: During the credit crisis, the U.S. government purchased the common stock of the largest banks in order to inject funds into the banks and cushion their losses.
Brand: Quizplus
Rating: 5.0 (51 reviews)

Question

Quizplus · Accepted Answer

The U.S. government purchased preferred stock, not common stock, in the largest banks during the credit crisis to inject funds and stabilize the financial system.

During the Credit Crisis, the U