Title: Speed Of Bush

Essay Details

Subject: Social Issues
Author: Columbus B
Date: June 24, 2016
Level: University
Grade: B
Length: 3 / 657
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Earlier this month, Congress passed bipartisan legislation authorizing the Treasury Department to use up to $700 billion to help banks rebuild capital. This week, I announced that the Treasury will use a portion of that money to inject capital directly into banks by purchasing equity shares. This new capital will help banks continue making loans to businesses and consumers...

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This new capital will help banks continue making loans to businesses and consumers. In addition, the Treasury will use part of the $700 billion to purchase some of the troubled assets that are weighing down banks' balance sheets and clogging the financial system. This extraordinary effort is designed with one overriding purpose: to help banks get loans flowing to American consumers and businesses, so they can create jobs and grow our economy...

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