Emergency Planning

November 2008
National Review;11/3/2008, Vol. 60 Issue 20, p12
The author discusses the 2008 U.S. government bailout plan created by Henry Paulson, Secretary of the U.S. Treasury Department. The bailout totals $700 billion, with $250 billion as a direct investment into banks. The plan requires the banks to use the money to loosen their credit standards, which most economists believe will end the financial panic and crisis of 2008.


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