Monday, September 29, 2008

Breakdown of the Final Bailout Bill

Section-by-section breakdown of the "Emergency Economic Stabilization Act of 2008," otherwise known as the $700 billion Wall Street bailout bill.

The 106-page bill established sweeping powers for Treasury Secretary Hank Paulson, and his successor, in carrying out what the bill calls the "Troubled Asset Relief Program," whose acronym is TARP.

Section-by-section analysis of the legislation can be read by clicking here.

MSNBC also has a Timeline that goes back to 2007 that shows exactly what the media thinks led to the current crisis.

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