In March 2009, the U.S. market was in a severe downturn not seen since the Great Depression after the subprime mortgage crisis had spiraled out of control. Deflation, not inflation, had become a top concern. Interest rates were near zero percent.
Five million jobs had been lost. The new Barack Obama government had pushed ahead with a $787 billion stimulus package, coupled with diverse programs to tackle with the frozen credit markets and depressed investors' confidence. Yet the burning question in every policymakers' mind was - how successful would the various strategies work to restore the U.S. economy?\
U.S. Subprime Mortgage Crisis Policy Reactions (B) Case Study Solution
PUBLICATION DATE: April 07, 2009 PRODUCT #: 709045-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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