The Ministry of Finance announced the success of the U.S. plan for saving the economy.

700 billion plan to support the American economy will benefit consumers and businesses, as banks are required to allocate loans from the funds they receive from the budget, said the responsibility for enforcing the plan of the Ministry of Finance official U.S. Nile Kashkari (Neel Kashkari). It is reported Bloomberg. The fact that the program Trouble Asset Relief Program (TARP), better known as the "Paulson plan" really works, confirms the reduction in the cost of insurance against bankruptcy of the eight largest banks in the United States.
This Kashkari said in response to criticism of the U.S. Treasury Secretary Henry Paulson, which had some members of Congress. In particular, legislators are Democrats warned that the U.S. Treasury may not get the rest are not spent in the TARP 350 billion dollars.
According to Neil Kashkari, while banks and will not "give loans as fast as we would like to" restoring normal levels of lending in the U.S. economy will happen sooner than if TARP would not be accepted.
Paulson has been criticized for having altered the original plan was to spend the lion's share of funds to purchase nizkolikvidnyh assets from banks, preferring to direct rekapitalizatsiyu past.
TARP program was adopted in early October, when financial markets entered a phase of acute crisis, and several leading banks in the U.S. were on the verge of collapse. Of the 700 billion planned program, spent exactly half. It is worth noting that the Federal Reserve is also supporting the financial sector, mainly providing "short" short-term loans and redemption obligations of corporations. The total volume of this assistance has exceeded 6 trillion dollars, representing slightly less than half the U.S. GDP.