Daily News Article - October 20, 2008
1. Under the federal government's financial bailout plan, from how many major banks will the U.S. government buy shares?
2. Until what date is the U.S. Treasury allowed to purchase bank stocks?
3. a) When can companies buy their shares back from the government, according to the guidelines issued by the Treasury Department?
b) How much would a bank have to pay to buy back their stocks from the Treasury Department?
4. When the $700 billion government bailout plan was proposed, and then passed into law, how were people led to believe the money would be used?
5. What did Treasury Spokesperson Jennifer Zuccarelli say will determine when the Treasury sells stocks back to the banks?
6. Are you confident that the federal government will do what is best for taxpayers? Explain your answer.