bailout plan analysis

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American History


Written by:

Eugene H


Date added:

April 7, 2014








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3 / 652


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8295 times


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On its first vote, even tough it passed on the Senate it didn’t on the House of Representatives and because of it, it was send back to the House of Representatives consideration. The Bailout plan was approved and sign by the president on October 3rd. The plan is to give the Secretary of Treasure authority buy assets from U...
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financial institutions having headquarters in the United States. The proposal was keep simple in order to be flexible to adjust to the economic market response. Only one limitation was imposed: the purchases could not exceed $700 billion dollars. However, because the language was kept simple, it became a little vague and open to misinterpretations...
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