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Article analysis – Bailout Plan

Facing the worst crisis since the 1930’s, the treasure department using its executive power sent congress a draft proposal for a bailout plan. Our group decided to criticize the legislative draft proposal itself.
As an executive proposal, the plan has to be approved by the House of Representatives and the Senate. On its first vote, even tough it passed on the Senate it didn’t on the House of Representatives and because of it, it was send back to the House of Representatives consideration. The Bailout plan was approved and sign by the president on October 3rd.
The plan is to give the Secretary of Treasure authority buy assets from U.S. financial institutions having headquarters in the United States. The proposal was keep simple in order to be flexible to adjust to the economic market response. Only one limitation was imposed: the purchases could not exceed $700 billion dollars. However, because the language was kept simple, it became a......

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Approximate Word Count: 655
Approximate Pages: 3 (250 words per double-spaced page)

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