Why Is It Called the "Emergency Economic Stabilization Act of 2008"?

Please read the fine print - 2008 Wall Street Bail Out Act It will probably pass today in the House - more pork being added on as we speak. Ask not what you can do for your country but what your country's treasury can do for your re-election. Emergency Economic Stabilization Act of 2008 Stabilizing the Economy "The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for working families, small businesses, and other companies to access credit, which is vital to a strong and stable economy. EESA also establishes a program that would allow companies to insure their troubled assets." Homeownership Preservation "EESA requires the Treasury to modify troubled loans - many the result of fraudelent and low doc/no doc applications - wherever possible to help American families keep their homes. It also directs other federal agencies to modify loans that they own or control. Finally, it improves the HOPE for Homeowners program by expanding eligibility and increasing the tools available to the Department of Housing and Urban Development to help more families keep their homes." Taxpayer Protection "Taxpayers should not be expected to pay for Wall Street's mistakes. The legislation requires companies that sell some of their bad assets to the government to provide warrants so that taxpayers will benefit from any future growth these companies may experience as a result of participation in this program. The legislation also requires the President to submit legislation that would cover any losses to taxpayers resulting from this program by charging a small, broad-based fee on all financial institutions." No Windfalls for Executives "Executives who made bad decisions should not be allowed to dump their bad assets on the government, and then walk away with millions of dollars in bonuses. In order to participate in this program, companies will lose certain tax benefits and, in some cases, must limit executive pay. In addition, the bill limits 'golden parachutes' and requires that unearned bonuses be returned." Strong Oversight "Rather than giving the Treasury all the funds at once, the legislation gives the Treasury $250 billion immediately, then requires the President to certify that additional funds are needed ($100 billion, then $350 billion subject to Congressional disapproval). The Treasury must report on the use of the funds and the progress in addressing the crisis. EESA also establishes an Oversight Board so that the Treasury cannot act in an arbitrary manner. It also establishes a special inspector general to protect against waste, fraud and abuse."

Why Is It Called the

1. Are liberals as confused as they act?

Actually Pelosi is third in line, after the nincompoop VP. Pelosi is a fruitcake!!

2. 24 on first practice ACT?

A 24 is an amazing composite score for a 15 year old. You will already qualify for college level classes when you go to college. Getting above a 30 is unnecessary unless you are thinking of going to a private college.

Why Is It Called the

3. Berne Act and buying DVD's?

both the Berne act and the WTO protect original works produced in either the US or overseas against copyright infringement. Release location or date is not important, the work is automatically protected by copyright upon creation. indeed the rights holder might choose to never release a work in a certain format such as DVD. There was a time prior to the Urugary Round Agreements when items first produced in foreign countries and not registered in the US could be used as PD. Even those (mostly spanish language films made in south america) now have protection restored as of 1996. Most programs aired on TV have copyrights, even the local newscast. The thought that anything aired on TV is fair to reproduce and distribute without permissions is absurd

4. Act of Ending Friendship [closed]

You could use the word "rupture", a breach of harmonious, friendly, or peaceful relations. It applies for both friendship and love.Example: The rupture with Johnson was painful, but she came to see it as a liberation

5. How to score high on the ACT test?

Do not worry. Study what you can, but do not overload yourself. You can always retake the ACT (you might have to pay a fee) but you can also take a prep class. I took the ACT 3 times and improved each time.

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