Number: RL34730 Title: The Emergency Economic Stabilization Act and Recent Financial Turmoil: Issues and Analysis Authors: Baird Webel, Analyst in Financial Economics; Edward V. Murphy, Specialist in Financial Economics Abstract: This report introduces aspects of the current financial instability. Following this, it outlines the EESA legislation and the steps that Treasury has taken to implement EESA. Finally, the report concludes with a more in-depth analysis of the current financial instability, including potential causes of financial instability in general, some sources of the current instability, and how financial instability may spill over into the broader economy. Pages: 31 Date: January 13, 2009