2008 Financial Crisis
In 2008, America experienced its worst economic downturn since the Great Depression. The national housing bubble had collapsed, large financial institutions faced bankruptcy, and the resulting liquidity crisis sent ripples throughout the global economy. 2.6 million Americans lost their jobs that year alone. The 2008 Financial Crisis committee will take the form of a presidential commission -- a group of Federal Reserve officials, politicians, and bank CEOs tasked with advising President Bush. How will they decide to handle the recession? Will they let the banks go under, or are they “too big to fail?” Can they restore American jobs, or will the American people feel the ramifications of this crisis for years to come?
For questions or concerns regarding this committee, please contact Kira Hobson at