why do the us government intervene in the economy during the finanacial crisis in 2008

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24-09-2014
Business

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why do the us government intervene in the economy during the finanacial crisis in 2008

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flavour5 flavour5 · Answer 1 · 2014-09-26T10:48:52-04:00

flavour5 flavour5

26-09-2014

The US government intervened during the subprime mortgage crisis (significant declines in home prices and mortgage deliquencies and foreclosures) because of numerous government bailouts. Thus, the US government tried to stabilize the their economic system during 2007-2009. It's a sad story because many American people were forced to file bankruptcy and foreclosure :(

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