Maybe you should read before you toss out names. You know I don't enjoy proving you an idiot, but you always force my hand.
http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 The Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, is a law authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, and although this wasn't reported in the media or known to many congressmen, make capital injections into banks.[1][2] The bailed-out banks could be U.S. banks or foreign banks, and they don't even have to be banks, if the Fed arbitrarily decides there are exigent circumstances such as in the case of American Express. The Act was proposed by U.S. President George W. Bush and Treasury Secretary Henry Paulson during the global financial crisis of 2008. http://online.wsj.com/article/SB122616278065311225.html The auto-industry crisis is forcing a broader debate over how far the government should go to prop up ailing industries, as the Bush administration resists Democrats' request to use part of the $700 billion financial-rescue fund to aid Detroit's three struggling car makers. House Speaker Nancy Pelosi of California and Senate Majority Leader Harry Reid of Nevada, in a letter Saturday, formally requested that Treasury Secretary Henry Paulson consider giving "temporary assistance to the auto industry" using money originally appropriated to shore up the banking system. On Wed, Nov 19, 2008 at 12:24 PM, Gruss Gott > TARP is limited to financial services. Always has been always will. > If you check facts, or just read in the first place, you won't sound > like a dumbfeck like you do now. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:280779 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
