TITLE

Will the $700 Billion Government Bailout Work?

PUB. DATE
November 2008
SOURCE
Financial Executive;Nov2008, Vol. 24 Issue 9, p9
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. government's $700 billion bailout plan for the financial industry. Under enabling legislation the secretary of the Treasury has wide latitude for how the funds are used. In addition, bank-account limits for Federal Deposit Insurance Corporation insurance were raised to $250,000 per account. Christopher G. Brown of Begos Horgan & Brown LLP believes the Treasury must be careful about which distressed securities it buys from financial institutions.
ACCESSION #
35144075

 

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