Transfers a mass of toxic assets from banks to the government
The banks are in trouble because they are holding a mass of toxic assets, and the Act, in effect, transfers this mass of toxic assets to the government—i.e. it takes the toxic assets off the banks' hands.
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The Emergency Economic Stabilization Act 2008 »The Emergency Economic Stabilization Act 2008
Transfers a mass of toxic assets from banks to the government
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