Remarks on Implementation of the Emergency Economic Stabilization Act
Interim Assistant Secretary Neel Kashkari, November 19, 2008: “…The EESA is not an economic stimulus plan, nor is it an economic growth plan. It was designed to stabilize the financial system. Today, the LIBOR-OIS spread has fallen 238 basis points from its peak to 100 basis points. We believe the combined actions of Treasury, the …