Answer to Question #113098 in History for Elle

Question #113098
#3 In 2008, Senator John McCain (R-AZ) proposed that $300 billion of the $700 billion TARP funds should have gone to bail out individual borrowers like John and Maria. Would McCain’s proposal have prevented all the consequences of the Great Recession listed in the article? Why or why not?
1
Expert's answer
2020-04-30T15:48:37-0400

McCain's proposal could have prevented Great Depression. The mortgage brokers, who made the bad loans, and hedge funds, which used too much leverage would have been regulated.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS