Posts tagged ‘wall street’

From Main Street to Wall Street: Analysing Opposition to the Wall Street Bailout

The Wall Street Bailout (WSB) refers to the purchasing of toxic mortgage-backed security assets from failing banks by the US Federal Reserve (Fed) in the wake of the 2007-08 financial crisis.  The Fed was granted these powers under the Troubled Assets Relief Program (TARP), a $700 billion program enacted by Congress in October 2008 to stabilise and restore confidence in the American banking system.