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To: bob zagorin who wrote (47677)	1/15/2009 3:07:59 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 57684

14:45 BAC Bank of America: CNBC says Fed, FDIC & Treasury officials are discussing a Citi-type guarantee for BAC of between $100-200 bln (8.70 -1.50) -Update- CNBC commentator says the Fed, FDIC and Treasury are working on guarantee for BAC with regard to Merrill, totalling $100-$200 bln. Says the deal will be structured similar to the Citi (C) guarantee, where the bank will be responsible for the first portion of losses, with the rest being guaranteed.

To: bob zagorin who wrote (47677)	1/15/2009 3:08:26 PM
From: Bill Harmond	Respond to of 57684

14:19 Highlights of US Democrats' $825 billion stimulus bill - Reuters.com Details of the House's version of the $825 bln economic stimulus package have been trickling out throughout the day. Reuters.com summarized some of the key points as follows: HIGHWAYS, RAIL, TRANSPORTATION: $30 bln for highway construction; $31 bln to modernize federal and other public infrastructure with investments that lead to long-term energy cost savings; $19 bln for clean water, flood control, and environmental restoration investments; $10 bln for transit and rail to reduce traffic congestion and gas consumption... STATES, EDUCATION: $79 bln in state fiscal relief to prevent cuts to key services; $39 bln to local school districts, public colleges and universities distributed through existing state and federal formulas; $15.6 bln to increase Pell grants for college students... ENERGY: $11 bln for research and development, pilot projects, and federal matching funds to modernize electricity grid; $8 bln for loans for renewable energy power generation and transmission projects; $6.7 bln for renovations and repairs to federal buildings... HEALTH CARE: $87 bln to states, increasing through the end of FY 2010 the share of Medicaid costs the Federal government reimburses all states by 4.8%, with extra relief tied to rates of unemployment; $30.3 bln to extend health insurance coverage to unemployed beyond 18 months provided under current law; $3 bln to fight preventable chronic diseases, the leading cause of deaths in the United States, and infectious diseases... BROADBAND, TECHNOLOGY: $6 bln to expand broadband Internet access for businesses in rural underserved areas; $20 bln for health information technology to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies... HOUSING: $4.2 bln to help communities buy, rehabilitate foreclosed, vacant properties to create affordable housing; $1.5 bln to help local communities build and rehabilitate low-income housing using green technologies; $5 bln for public housing repair and modernization, including critical safety repairs; $6.2 bln to help low-income families reduce their energy costs by weatherizing their homes... ENVIRONMENT: $800 mln to clean up hazardous and toxic waste sites that threaten health and the environment. WATER RESOURCES: $4.5 bln for environmental restoration, flood protection, hydropower, and navigation infrastructure; $6 bln for loans to help communities upgrade wastewater treatment systems; $2 bln for loans for drinking water infrastructure.