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FINANCIAL AND AUTO INDUSTRY BAILOUTS
Poll Opened: April 24, 2009
Poll Closes: April 24, 2010
-Signed into law the American Recovery and Reinvestment Act-Created the new Public-Private Investment Program to help purchase as much as $1 trillion in toxic assets from banks
-Unveiled $75 billion Homeowner Stability Initiative in an effort to keep as many as 9 million Americans from losing their homes to foreclosure.
-Approved Chrysler receiving enough capital to keep operations running for 30 days while it completes merger with Fiat
-Approved GM receiving enough capital to keep company running for 60 days while working with the administration on a recovery plan
-Requested that GM CEO Rick Wagoner resign as part of the government bailout strategy
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