WASHINGTON (Dow Jones)–Here are highlights of the “Emergency Economic
Stablization Act” of 2008:
-ASSET PURCHASES: The Treasury Department could purchase up to $700 billion in
troubled mortgages and other assets through a “Troubled Asset Relief Program” or
“TARP.” The $700 billion would be available in phases. The first $250 billion
will be immediately available to the Treasury secretary. The next [...]