(The following details is from the Department of Treasury's website dated March 31, 2009)
The U.S. Department of the Treasury launched a new web site--FinancialStability.gov – to provide the American people with information about the Obama Administration's efforts to stabilize our financial system.
At FinancialStability.gov, users will learn about the design of the Administration's Financial Stability Plan and its impact on opening up lending to consumers and businesses. Under the plan, Treasury has announced detailed programs to address falling housing prices through a mortgage refinancing and modification program that will help up to 9 million American stay in their homes; unlock frozen credit markets through a Consumer and Business Lending Initiative to jumpstart new auto, credit card and student loans; assess banks' need for an extra capital cushion in the face of a worsening economy and provide them with access to capital through the Capital Assistance Program; and buy up troubled assets weighing down bank balance sheets through a Public Private Investment Program, allowing banks to raise private capital and increase lending.
The Treasury's new website will be posted on the left side of the bar on the blog. Also, I added a widget to keep up on the latest from the White House.
1 comment:
I have to check it out and if I can understand it it's good go.
Where's that Cat of mine? He knows I worry when I don't see those paw comments. TGCN please put the word out if you see a Bowtie Family member in your area or on your way to work. There's enough Bowties out there for you to see at lease one.
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