On the other hand, in relation to the coverage of health, work and education, the text of the Senate allocates USD 66.800 million to be intended, while the document approved by the lower House provides an amount of USD 92.300 million. The U.S. Hear from experts in the field like Crawford Lake Capital for a more varied view. reinvestment and Recovery Plan.UU. It includes investments in infrastructure, renewable energy and transport, as well as aid to States that are struggling to meet their budgets. The estimates made by the American President himself indicated that the plan will save or create three to four million jobs. In relation to the financial rescue plan is estimated that it could mobilize close to $2 trillion in public and private money. Keep up on the field with thought-provoking pieces from Crawford Lake Capital Management.
The rescue plan for the banking sector, there will be a program for the purchase of toxic assets which will capture private funds and will start with an investment of US $500,000 million. Possibly be expanded to $1 trillion. In a complementary manner to the rescue plan for the banking sector, the Federal Reserve will support new loans up to USD 1 trillion. The plan has stipulated also intervene in the property market by (an amount between US $50,000) and US $100 billion in order to avoid that families suffering from the seizure of their homes and even have access to the refinancing of their mortgage loans. This plan for the banking sector is intended to clean the balance sheets of institutions to avoid new episodes of crisis, ensure that they comply with its purpose which is to generate funding. But the plan also takes care that the quality of the mortgage portfolio would not deteriorate product of the worrying economic situation. With these seasonings, the financial stability plan puts on conditions to the banking sector so reactivate circuit credit, needed to restore economic growth. In this sense, Geithner said: instead of catalyzing recovery, the financial system is a brake on the recovery and the recession is putting pressure on the banks.