|
Political Factoid
In October 2008, Congress authorized
the Treasury Department to spend up to
$700 billion to help stabilize financial markets.
The money would be used to bail out
banks and Wall Street firms, finance
General Motors and Chrysler's trips
through bankruptcy, and help homeowners
modify mortgages they could no longer afford.*
| * |
The latter was largely unsuccessful because of the
continued shenanigans by the big banks of Wall Street.
|
|
|
-30-
|
