TITLE

To Bail or Not to Bail?

AUTHOR(S)
McKinley, Vern; Gegenheimer, Gary
PUB. DATE
July 2009
SOURCE
USA Today Magazine;Jul2009, Vol. 138 Issue 2770, p25
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the financial-institution bailout policy of the administration of U.S. President Barack Obama as of 2009. The Federal Deposit Insurance Corp., Federal Reserve and Treasury Department implement the bailout policy. The authors emphasize the lack of transparency of the policy. They note that the summary of the economic plan of the administration released by Secretary of the Treasury Tim Geithner cited a plan to create a public-private investment fund but offered little change for the Troubled Asset Relief Program (TARP).
ACCESSION #
43237198

 

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