Economic Crisis

Economic Crisis

America is currently in the midst of our greatest economic challenge since the Great Depression.  We have overextended ourselves to the point that there is little or no liquidity in the credit markets.  This has created a situation of distruct between lenders and borrowers, grinding our capital markets to a virtual halt.

The stability of America’s financial institutions is essential to the lasting economic security of every American.  Our ability to buy a home, send our children to college, obtain a loan for a new car, or start a small business is dependent on our access credit.  Without the ability to access credit, our entire economy is jeopardy.

The funds provided in the Emergency Economic Stabilization Act (EESA), which I supported, are being used to directly infuse banks with capital, giving banks the ability to lend to one another.  This action will loosen the credit markets and protect the financial integrity of everyday Americans.

Please use this section of my website to keep apprised of the program created by EESA, the Troubled Assets Recovery Program (TARP) and how those funds are being used.

 

Related Documents:

Press Releases - Radanovich Opposes $14 Billion Bailout for Auto Industry 12.10.2008

Press Releases - Radanovich Votes to Protect Main Street’s Financial Stability 10.3.2008

Op-Eds and Columns - A Main Street Work-Out, Not a Wall Street Bail-Out 9.30.2008

Press Releases - Radanovich Supports Economic Recovery Package 9.29.2008


More Documents...

Related Files:

Economic Crisis Q&A;