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5 Apr 2009, 1:26 pm
On the day the plan was announced, the Dow Jones Industrial Average dropped 4.6%.[5] On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act (the “Stimulus Act”), which provides $787 billion in government spending and tax cuts and also codifies (and in some cases expands) the Treasury Department’s restrictions on executive compensation.[6] Under the Stimulus Act, recipients of TARP funds must eliminate incentives that encourage… [read post]