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JORDEN BURT ALERT: The Rescue Bill's Troubled Asset Purchase Program: How Will it Work?
October 13, 2008

The Emergency Economic Stabilization Act of 2008 ("EESA") authorizes the Treasury Secretary (the "Secretary") to provide additional capital to various types of financial institutions in the hope of reviving credit markets frozen by, among other things, massive losses in debt securities and other instruments backed by nonperforming, under collateralized mortgages.

To read the Client Alert, click here.