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Reply #1: Yep, the funds come from remaining TARP $$ as well as funds the FDIC is allowed to use to execute it [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Aloha Spirit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-23-09 10:34 PM
Response to Original message
1. Yep, the funds come from remaining TARP $$ as well as funds the FDIC is allowed to use to execute it
Edited on Mon Mar-23-09 10:35 PM by Aloha Spirit
its authority.

And neither of those funds require congressional action, which means the plan can be implemented instantly.

Here's a useful discussion of it:
http://www.npr.org/templates/story/story.php?storyId=102250826
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