The $700 billion emergency plan is not what was proposed. It doesn't even cost $700 billion anymore. The new law gives the U.S. Treasury the authority to nationalize our financial institutions: U.S. May Take Ownership Stake in Banks Treasury prepares for a TARP-and-switch. And it's a good thing, too
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Oct 9, 2008 11:43 AM 0 comments, below
The $700 billion emergency plan is not what was proposed. It doesn't even cost $700 billion anymore. The new law gives the U.S. Treasury the authority to nationalize our financial institutions:
U.S. May Take Ownership Stake in Banks
Treasury prepares for a TARP-and-switch. And it's a good thing, too


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