Should this money be handled in the same manner as the initial $350?
The first $350 billion have been fully allocated and, at the President-Elect's request, President Bush has asked Congress to make available the remaining $350 billion for the next Administration.
Here is part of the allocation:
$189 billion of the $250 billion Capital Purchase Program in 257 institutions in 42 states across the country, as well as Puerto Rico.
There is a huge demand for the program: the number of applications under-review at the regulators is in the thousands, representing every state in the country, and hundreds more have already been pre-approved by Treasury.
o $20 billion have been allocated to support consumer and small business lending.
Government believes that the combined actions of Treasury, the Federal Reserve and FDIC have prevented a financial collapse.
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