Real estate blog entries tagged with kashkari by Richard Smith FHA VA Rural Development in TN GA

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Home : Blogs : Richard Smith FHA VA Rural Development in TN GA : Richard's Real Estate Thoughts : Tag "kashkari"

kashkari: Treasury announces bailout plans - 10/13/08 08:23 AM

The Treasury has announced details about the implementation of the $700 billion bailout, the Emergency Economic Stabilization Act. As the G7 meeting has ended, Great Britain and Europe have already started implementing their national plan which is based on government taking an equity positions, using the purchase of bank stock as the vehicle of capitalizing the banking system.
The Treasury statement says that there is only one goal in its the implementation of the powers under the bailout. The program is called Troubled Asset Relief Program (TARP).
The statement is from Interim Assistant Secretary for Financial Stability Neel Kashkari, who has … (8 comments)

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Richard Smith FHA VA Rural Development in TN GA

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