Emergency Economic Stabilization Act

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Talk of New Bank Bailout Tallies $2 Trillion 

Jan 29, 2009By

With the funds available under the Troubled Asset Relief Program steadily dwindling down into the second $350 billion leg of the program, the government may be considering a new “bank bailout” plan altogether. Unnamed sources told the Wall Street Journal a revamped financial bailout could top as much as $2 trillion in additional spending to restore the banking system’s vitality and get credit flowing.

3d rendering of a row of luxury townhouses along a street

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