Why $700B Now Seems Like a Down Payment

Hopkins, Cheyenne
October 2008
American Banker;10/28/2008, Vol. 173 Issue 208, p1
Trade Publication
This article reports that the U.S. Troubled Assets Relief Program, enacted on October 3, 2008, may need more than the initial seven hundred billion dollars allocated to the Treasury Department to bail out the U.S. financial system. The program was intended to provide assistance to banks, but an interest has been expressed in aiding institutions such as insurance companies and automakers as well.


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