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Emergency Economic Stabilization Act of 2008 : A Summary Of Features Based on Discussion Draft as of Sept. 28, 2008 www.in...
1. STABILIZING THE ECONOMY www.investmentbankeronlife.com <ul><li>Up to $700 billion, in installments (see #5) , to buy mo...
2. HOMEOWNERSHIP  PRESERVATION www.investmentbankeronlife.com <ul><li>Improves the  HOPE for Homeowners  program. </li></u...
3. TAXPAYER  PROTECTION www.investmentbankeronlife.com <ul><li>Participating companies to give government warrants to rece...
4. NO WINDFALLS FOR EXECUTIVES www.investmentbankeronlife.com <ul><li>Participating companies to lose certain tax benefits...
5. STRONG OVERSIGHT www.investmentbankeronlife.com <ul><li>Treasury to receive immediately $250 B, then President to certi...
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Emergency Economic Stabilization Act Of 2008

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A slideshow on the summary features of the Draft EESA of 2008

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Emergency Economic Stabilization Act Of 2008

  1. Emergency Economic Stabilization Act of 2008 : A Summary Of Features Based on Discussion Draft as of Sept. 28, 2008 www.investmentbankeronlife.com
  2. 1. STABILIZING THE ECONOMY www.investmentbankeronlife.com <ul><li>Up to $700 billion, in installments (see #5) , to buy mortgages and other assets. </li></ul><ul><li>A program that would allow companies to insure their troubled assets. </li></ul>Features of Draft EESA of 2008
  3. 2. HOMEOWNERSHIP PRESERVATION www.investmentbankeronlife.com <ul><li>Improves the HOPE for Homeowners program. </li></ul><ul><li>Treasury to modify troubled loans wherever possible to help American families keep their home. </li></ul><ul><li>Other federal agencies to modify loans that they own and control. </li></ul>Features of Draft EESA of 2008
  4. 3. TAXPAYER PROTECTION www.investmentbankeronlife.com <ul><li>Participating companies to give government warrants to receive stocks, so taxpayers can participate in profits. </li></ul><ul><li>President to submit legislation that would cover any losses to taxpayers resulting from the program. </li></ul>Features of Draft EESA of 2008
  5. 4. NO WINDFALLS FOR EXECUTIVES www.investmentbankeronlife.com <ul><li>Participating companies to lose certain tax benefits and, in some cases, must limit executive pay. </li></ul><ul><li>Limits “golden parachutes” and requires </li></ul><ul><li>that unearned bonuses be returned. </li></ul>Features of Draft EESA of 2008
  6. 5. STRONG OVERSIGHT www.investmentbankeronlife.com <ul><li>Treasury to receive immediately $250 B, then President to certify if additional funds needed ($100 B, then $350 B). </li></ul><ul><li>Treasury must submit report of fund use. </li></ul><ul><li>Establishes an Oversight Board. </li></ul><ul><li>Establishes a special inspector general. </li></ul>Features of Draft EESA of 2008

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