The Corner

On the Hill

There seems to be a lot of anger and disappointment but at the same time a sense that this better than what it could have been — and what it was. There’s also uncertainty, as the language of the legislation isn’t circulating yet. One aide points out: “Right now the Treasury only has authorization to get 350 Billion before they have to get further congressional action for another 350 billion. And the insurance is mandatory, so that will save a lot of money.” He then adds: ” But it is still extremely big bailout. Unsure at this point what happens.”

UPDATE: Leadership aide e-mails to correct: ” the immediate deposit to Treasury is $250 B.”


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