During the course of 2008 and early 2009, federal officials made absolutely clear that there was almost no limit to the resources they would devote to preventing or halting a systemic panic at a time of general financial distress. The Federal Reserve extended unprecedented support to investment banks, money-market funds, and the commercial-paper market; it also helped rescue Bear Stearns, AIG, and Citigroup. The Treasury guaranteed all money-market funds, injected capital into a broad range of financial institutions under the Troubled Asset Relief Program (TARP), supported the takeover of Fannie Mae and Freddie Mac, and also supported the operations of the Federal Reserve. The Federal Deposit Insurance Corporation (FDIC), meanwhile, increased deposit insurance coverage from $100,000 to $250,000 per account, guaranteed senior unsecured bank debt, and contributed to the rescue of Citigroup. In all, by the end of 2008, federal agencies had already disbursed more than $2 trillion in responding to the crisis and had taken on potential commitments in excess of $10 trillion , and those figures continued to increase in 2009.
And increasingly, organizations are looking at the choices teenage girls make in high school. At RBC Capital Markets, Megitt, now a Director in the Global Initiatives Group, gained the support of her division’s Diversity Leadership Council to set up a program that brings in high school girls to visit RBC headquarters and encourages them to study subjects, such as math, that would lead to careers in the financial industry. “If you opt out of the math or science stream, the likelihood is low that you will study business or engineering at university,” she notes.