Texas, the really flat part | After complaints from Democrats, a $500 billion fund — $425 billion for the Federal Reserve to leverage for loans in order to help broad groups of distressed companies and $75 billion for industry-specific loans — will now have far stricter oversight, in the form of an inspector general and a 5-person panel appointed by Congress, lawmakers said. Companies that accept money must also agree to halt any stock buybacks for the length of the government assistance, plus an additional year. |
6 trillion dollars... where’s it come from?
