Insurer of Last Resort?: The Federal Financial Response to September 11 Case Solution
This article sheds light on the national fiscal result to September 11, 2001: terrorism reinsurance, the victim compensation fund, emergency assistance to New York and Washington, and the airline bailout. Within lessthan two weeks after the strikes, nearly $40 billion had been given by the authorities to safeguarding the market and taking over the sufferers.
On the surface, the national fiscal result to September 11 was perplexing. Or is the conventional approach toward government economic intervention in America more complex than the phrase "laissez faire" (or "free market") suggests? Investigates the proper function of government in handling risk and reacting to catastrophes and then asks the studentsto contemplate whether each of the various initiatives--and really the plan as a whole--was a failure or a success.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: March 27, 2003
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