As he is already public and as well as it indicates the World, the Congress approved a rescue plan that will allow the Government to acquire " assets txicos" that they have destabilized the financial institutions, by an amount of up to 700,000 million dollars. Once approved it indicates Bush we can begin to put to our economy in the way towards the recovery, although one has been cautious it said that " although those efforts will be effective, also will take time his implementacin". The American president assured that the Government will go more quickly possible, but will undertake the plan " to a rate cauteloso" in order to assure to the citizens whom the inverted dollars " they are spent prudentemente". After the approval of the package of financial rescue by the Congress, the department of the Treasure will now have to define the details of how it will use the bottoms to adjust the accounts of the banks. It is important to emphasize, that in a recent appearance before the Legislature to promote the program, the holder of that department, Henry Paulson, said that it would initiate " rpidamente" the operations with a purchase of tie titles to mortgages by a small amount of money.
Paulson admitted that the Treasure would experiment with several options, because an intervention of this type " it has never been made Paulson admitted that the Treasure would experiment with several options, because an intervention of this type " nunca" has not become;. Before putting the hands in the mass, it will have to define what class of titles will buy and the system to do it. One of the mechanisms mentioned by the Treasure is an auction " the other way around " , in that the Government, like the unique buyer, will mark a high price by the titles and the financial institutions will compete among them by vendrselos, which will lower its value.