Monday, September 29, 2008

Revised details of the Troubled-Asset Relief Program (TARP)

The CNN posting of the congressional bill for the "Emergency Economic Stabilization Act of 2008" appears to be an older version since it is only 106 pages. The Wall Street Journal has posted a 110-page version which is an updated version.

The intro is updated to mention that the government will be offering insurance for troubled assets:

To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes.

-- Jack Krupansky

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