| saaseyyhgi's Forum Info |
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By Sunday evening, when Mitch Mc, Connell required a vote on a new expense, the bailout figure had expanded to more than five hundred billion dollars, with this huge amount being apportioned to two different proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be provided a budget of seventy-five billion dollars to offer loans to particular business and markets. The 2nd program would run through the Fed. The Treasury Department would offer the reserve bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this cash as the basis of a mammoth financing program for firms of all shapes and sizes. https://www.instapaper.com/read/1520118679 |
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