Who’s watching the bailout bill?
Great article from Taxpayer’s for Common Sense about how this bailout bill is being handled. Here is a quick excerpt from the article:
Only a few days after President Bush signed the 2008 Emergency Economic Stability Act, also known as the $810 billion bailout, the Treasury Department announced that it will award the first contracts for private firms to price and purchase the “toxic” assets that have asphyxiated the global financial system. The bailout package gives Treasury Secretary Henry M. Paulson, Jr. unprecedented powers to draw on the private sector to run the program—with a notable absence of ground rules. Read the full story.
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Tags: 2008 emergency economic stability act, bailout, bailout bill, henry paulson, president bush, treasury department, treasury secretary
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