Description: When Barack Obama took office, the economy appeared to be on the brink of catastrophe. Despite the previous administrations commitment of several trillion dollars from every available arm of government to prop up the reeling financial system, nothing seemed to have worked. Banks were still hemorrhaging cash, and it was feared some would go down.

Source: Businessweek.com

Date: Sep 12, 2013

Link: http://www.businessweek.com/articles/2013-09-12/obamas-wall-street-bank-rescue-stabilized-economy-at-a-political-cost#r=hp-sf

Questions for Discussions:

• Summarize the financial crisis inherited by the newly elected president and the choices he faced?
• Do you agree with the analysis and conclusions?