Historical Role Of Slavery Essay Example | Topics and Well Written Essays - 500 words

Historical Role Of Slavery - Essay Example Swift in Gulliver’s Travel describes the human nature in a satirical form. He shows how honesty and on the other hand lying are incorporated into the human nature and how well they fit. Swift does this by taking Gulliver through a self-deception journey and getting to a point of experiencing e depicted authenticity that is straightforward. Swift, therefore, reveals human nature as being faced with issues of telling the truth, lying, hypocrisy and authenticity and reality and illusion (Jan 16). Human nature in Voltaire’s Candide emerges as being ridiculous and depicts that whatever happens is for the best of all the possible worlds. He focuses on the capacity of the human to reason and believes that the only time that humanity can reform is when an individual is able to think by themselves and independent of what others think (Jefferson 146). Voltaire sees the possibility of challenges that face individuals with regard to belief before they can realize that optimism does not provide a realistic basis to enable them to perceive the world. He clearly shows that people must think independently in order to achieve all that they ate capable of achieving (Lowers 44). Shelly in Frankenstein brings out the human nature as being to judge from appearance. The people just see the external features of the creature and from this labels him the monster (Allen 93).They do not see beyond his external deformities even to realize the good aspects that he possesses such as being an eloquent speaker.  

Troubled asset relief program Term Paper Example | Topics and Well Written Essays - 1500 words

Troubled asset relief program - Term Paper Example espread opposition from the public and was quickly billed as ‘the Wall Street bailout.’ There was greater possibility that the implementation of the policy was largely influenced by the US financial sector. Beginning 2005, the housing prices in the US peaked and began to decline. The same trend happened in the value of mortgage-backed securities (MBS). This trend is known as ‘collateralized debt obligation (CDO). The CDO compromised a greater portion of many financial institutions’ asset portfolios. The situation worsened and this lead to the collapse of Lehman Brothers on September 2008. The proximal event led to the introduction of TARP. The Treasury injected approximately $250 billion in TARP program (Cornett, Li and Tehranian 731). The Treasury injected these funds directly into the US banking system through purchasing senior preferred stock and warrants in qualifying financial institutions. In the end, the total available funds were estimated to have amounted to $700 billion. This amount makes TARP the largest program ever promoted by the government of the United States (Garrica, Puddu and Walchli 7). The situation worsened such that on September 2008; Dow Jones Industrial lost 4.4 percent or 504 points. The crisis escalated resulting in more bankruptcies including AIG’s. Hank Paulson, who was the then Treasury Secretary, proposed that TARP be implemented. The objective of the implementation of TARP was to recapitalize the financial institutions with liquidity problems using federal funds. In general, the US Treasury intention was to use TARP in helping banks to improve their balance sheets and increase the robustness of the financial system (Garrica, Puddu and Walchli 1). Paulson introduced legislation to the Congress known as EESA. This legislation was an authorization of $700 billion for the purchase of troubled assets including MBSs from banks through TARP. The announcement of TARP by Paulson on September 19 resulted in many large financial