Summary of the draft proposal to rescue US financial markets

Impoving the Financial Rescue Legislation

Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets—including cutting in half the Administration's initial request for $700bn (€481.7bn) and requiring Congressional review for any future commitment of taxpayers' funds. If the government loses money, the financial industry will pay back the taxpayers.

Three Phases of a Financial Rescue with Strong Taxpayer Protections

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