Financial Stability Plan and Economic Stimulus Package Counterpoint

If you are like me the “Financial Security Plan-TARP Reform and Accountability Act”, the “Economic Stimulus Package”, and any other plans have gotten confusing. Below is listed some facts for your consideration and possibly help with understanding.

Financial Security Plan-TARP Reform and Accountability Act

Here is a summary overview of the Treasury Financial Stability Plan . The plan will do four things:

  1. To stabilize the system and restore confidence in our markets.
  2. To revitalize lending and increase credit flow.
  3. To get financial markets working again.
  4. To keep people in their homes and curb housing crisis.

Since 10/28/2008 there are no firm plans in place, speculation is that some of the following ideas are currently on the table:

  1. Expanded home buyer tax breaks
  2. Further interest rate reductions
  3. Bankruptcy law reforms
  4. TARP funds for homeowners

This is a TARP summary tabulation capital purchase transaction report.

This is a map showing the financial institution headquarters receiving TARP money.

Secretary Geithner Introduces a new Financial Stability Plan 2/10/2009

  1. Banking institutions must meet formulized guidelines
  2. Establish a public-private investment fund for needed capital
  3. Support a secondary consumer and business lending initiative
  4. Launch a comprehensive housing program

The question is what does it mean?

Economic Stimulus Package–It’s a deal on the $798B Econ Plan.

Senate H.R. 1 PP Act “American Recovery and Reinvestment Act 0f 2009”

The “Economic Stimulus Package” is not new since it was presented in a 1/08 report, a year before the present presentation.

The Economic Stimulus package-Obama weekly address (1/24/09).

  1. To double renewable energy generating capacity over three years.
  2. To undertake the largest weatherization program in history.
  3. To computerize every American health record in 5 years.
  4. To launch the most ambitious school modernization program on record.
  5. To enact largest investment increase on roads, bridges, and mass transit.

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