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Bush Signs Laws With $700B Bailout | On This Day
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October 3, 2024
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October 3, 2024
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2:17Now PlayingOctober 3rd, 2008, That was the day President George W Bush signed the Emergency Economic Stabilization Act, a sweeping piece of legislation designed to inject capital into a reeling U.S. financial system. Now, the legislation's centerpiece was the $700 billion Troubled Asset Relief Program TARP, that used taxpayer money to hoover up billions of toxic debt held by banks.
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