Elizabeth Warren and Emergency Economic Stabilization Act of 2008

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Difference between Elizabeth Warren and Emergency Economic Stabilization Act of 2008

Elizabeth Warren vs. Emergency Economic Stabilization Act of 2008

Elizabeth Ann Warren (née Herring, born June 22, 1949) is an American politician and academic serving as the senior United States Senator from Massachusetts, a seat she was elected to in 2012. The Emergency Economic Stabilization Act of 2008 (Division A of), commonly referred to as a bailout of the U.S. financial system, is a law enacted subsequently to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks.

American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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Associated Press

The Associated Press (AP) is a U.S.-based not-for-profit news agency headquartered in New York City.

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Barack Obama

Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th President of the United States from January 20, 2009, to January 20, 2017.

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Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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CNN

Cable News Network (CNN) is an American basic cable and satellite television news channel and an independent subsidiary of AT&T's WarnerMedia.

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Democratic Party (United States)

The Democratic Party is one of the two major contemporary political parties in the United States, along with the Republican Party (nicknamed the GOP for Grand Old Party).

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Glass–Steagall legislation

The Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking.

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Hillary Clinton

Hillary Diane Rodham Clinton (born October 26, 1947) is an American politician and diplomat who served as the First Lady of the United States from 1993 to 2001, U.S. Senator from New York from 2001 to 2009, 67th United States Secretary of State from 2009 to 2013, and the Democratic Party's nominee for President of the United States in the 2016 election.

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Party leaders of the United States Senate

The Senate Majority and Minority Leaders are two United States Senators and members of the party leadership of the United States Senate.

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President of the United States

The President of the United States (POTUS) is the head of state and head of government of the United States of America.

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Republican Party (United States)

The Republican Party, also referred to as the GOP (abbreviation for Grand Old Party), is one of the two major political parties in the United States, the other being its historic rival, the Democratic Party.

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Ted Kennedy

Edward Moore "Ted" Kennedy (February 22, 1932 – August 25, 2009) was an American politician who served in the United States Senate from Massachusetts for almost 47 years, from 1962 until his death in 2009.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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The Washington Post

The Washington Post is a major American daily newspaper founded on December 6, 1877.

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Time (magazine)

Time is an American weekly news magazine and news website published in New York City.

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Troubled Asset Relief Program

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was signed into law by President George W. Bush on October 3, 2008.

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U.S. News & World Report

U.S. News & World Report is an American media company that publishes news, opinion, consumer advice, rankings, and analysis.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

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United States Secretary of the Treasury

The Secretary of the Treasury is the head of the U.S. Department of the Treasury which is concerned with financial and monetary matters, and, until 2003, also included several federal law enforcement agencies.

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United States Senate

The United States Senate is the upper chamber of the United States Congress, which along with the United States House of Representatives—the lower chamber—comprise the legislature of the United States.

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United States Senate Committee on Banking, Housing, and Urban Affairs

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency) has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.

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