What policy decision did banks want the Federal Reserve and the Treasury Department to make?

Question

Quizplus · Accepted Answer

Banks wanted the Federal Reserve and the Treasury Department to make a large national bailout to stabilize the economy during crises such as the Great Recession. This would involve providing financial assistance to struggling institutions, injecting liquidity into the market, or implementing stimulus measures. Lowering or raising interest rates and implementing tighter money policies are tools that can be used by the Federal Reserve to control inflation and stabilize the economy, but these were not the specific policy decision that banks were requesting during the recession.

What Policy Decision Did Banks Want the Federal Reserve and the Treasury