Emergency Economic Stabilization Act of 2008 (EESA)

Emergency Economic Stabilization Act of 2008 (EESA),

Definition of Emergency Economic Stabilization Act of 2008 (EESA):

  1. Federal bill that allowed the US Treasury Department to purchase up to $700 billion of troubled assets in order to stabilize liquidity and restore capital levels in US banks. The controversial bill was referred to as the bailout bill because it saved banks from failure due to significant sub-prime mortgage losses.

Meaning of Emergency Economic Stabilization Act of 2008 (EESA) & Emergency Economic Stabilization Act of 2008 (EESA) Definition