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The Emergency Economic Stabilization Act of 2008 commonly referred to as a bailout of the U.S. financial system, is a law authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, from the nation's banks. The Act was proposed by U.S. President George W. Bush and Treasury Secretary Henry Paulson during the global financial crisis of September-October 2008. The purpose of the plan was to purchase bad assets, reduce uncertainty regarding the worth of the remaining assets, and restore confidence in the credit markets. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets..
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How did the president overrule the Senates vote on the auo bailout?
The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.
Did capital one receive any government bail out money?
3.56 Billion and then doubled people's credit card apr's
What constitutes excessive bail?
The constitution prevents excessive bail, however certain crimes are excluded from having bail. Certain murder charges and domestic violence as well as the courts determination of a defendants likelihood to flee will be sufficient to issue a NO BAIL. Numerous other charges carry a no bail as well. Just remember, the more heinous the crime the more chance it will carry a no bail set by the judge.
Which constitutional amendment guarantees the right to reasonable bail?
The Eighth Amendment. But it doesn't exactly address "reasonable" bail it only prohibits the imposition of excessive bail.
This amendment guarantees there will be no excessive bail?
The 8th amendment guarantees that excessive bail may not be assessed.
How much money did Citibank get in bail out money?
300 billion dollars
The outcome of Jeff hardys court hearing?
no ones know Matt got him on bail
How did the president overrule the Senates vote on the auo bailout?
The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.
How much money is the government asking for to bail out failed coporations of wall street?
Back in 2001, the airline industry was bailed out at a cost of $15 billion. Wall Street is now asking for $700 billion for a bail out, and per Wall Street this deficit dangers the entire nation
What case supports the decision by Congress to deny bail to offenders thought to be dangerous to the community?
One case that supports the decision by Congress to deny bail to offenders thought to be dangerous to the community is United States v. Salerno (1987). In this case, the Supreme Court held that a federal law authorizing pretrial detention without bail for defendants charged with certain serious offenses did not violate the Eighth Amendment's prohibition on excessive bail. The Court reasoned that preventing danger to the community was a compelling government interest that justified the denial of bail in such cases.
What is the us stimulus package?
its a $787 billion package that is suppost to help boost the econony, bail out buisnesss and help the unimploied
Did capital one receive any government bail out money?
3.56 Billion and then doubled people's credit card apr's
How can state bail out of the preclearance provisions of the voting rights of 1965?
The jurisdiction must get a declaratory judgment through the District of Columbia. This will help them to meet the requirements to get bailed out.
Can you get bail out anytime during your trial procedure?
You should have had a bond hearing very early in the procedure - almost right after you were arrested. Try to find out the (or see if you can remember) the outcome of that hearing. If bail was denied then, you probably won't get it now. Have your attorney ask the court.
Where did the 700 billion dollar bailout come from?
For Vietnam, that wasn't a bail out; that was defense spending. And US tax payers pay for everything.
Did Ford get bail out money?
Yes. While it was the only company that did not file for bankruptcy, it did recieve 23.5 billion dollars in government loans.
What percentage of criminal defendants are released pending the outcome of their case?
Around 60-70% of criminal defendants are released pending the outcome of their case, either on bail, their own recognizance, or other conditions. The percentage can vary depending on jurisdiction and offense.
