TITLE

We Have Equity; Now Give Us Oversight

AUTHOR(S)
Hurley, Cornelius
PUB. DATE
October 2008
SOURCE
American Banker;10/24/2008, Vol. 173 Issue 206, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. government's financial bailout plan that was passed through the Congress in 2008 to help financial institutions to recover after the economy became unstable. The author explains that when the executive branch of the government introduced the proposal there were no equity positions in financial institutions. Congress reworked the bill to include this aspect, which is intended to be an investment which may help reimburse taxpayers.
ACCESSION #
34971552

 

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