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The Emergency Economic Stabilization Act of 2008 -- the law that authorized the federal government to shell out $700 billion in taxpayer dollars to banks, the auto industry, and troubled insurer AIG -- was passed by Congress, signed by former President...
Tags: • the emergency economic stabilization act of 2008, $700 billion in taxpayer dollars, aig, congress, former president george w. bush, october 3, 2008, citigroup, bank of america, countrywide home loans servicing, $573.3 billion distributed, 655 recipients repaid none of bailout money, $389.6 billion outstanding, u.s. treasury department, propublica, office of the special inspector general for the troubled asset relief program