Skip to main content

That's A Relief. For A Second I Thought They Were Going To Spend Some Money

Neel Kashkari, the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms.
``We are designing a standardized program to purchase equity in a broad array of financial institutions,'' Kashkari, who heads the department's Troubled Asset Relief Program, said in a speech in Washington. ``The equity purchase program will be voluntary and designed with attractive terms to encourage participation from healthy institutions.''

They will have lots left over for the Christmas Party this year.
Treasury to Invest in `Healthy' Banks, Kashkari Says [Bloomberg]

Related

Probably what keeping this promise is going to take.

Leaked DoJ Memo Alleges That Steven Mnuchin Was A Very Naughty Bank CEO

Damning document from 2013 breathes new life into #DraftDimon movement.