Emerging plan to bail out financial institutions Government intervention during the subprime mortgage crisis
on 19 september 2008, u.s. government announced plan purchase large amounts of illiquid, risky mortgage backed securities financial institutions, estimated involve @ minimum, $700 billion of additional commitments. plan included ban on short-selling of financial stocks. mortgage market estimated @ $12 trillion approximately 9.2% of loans either delinquent or in foreclosure through august 2008.
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