Obama officials argued that the profit sweep compensates the government for its support and that the declining capital buffer wasn't an issue, since the companies still have about $ 259 billion in
available bailout money to draw from Treasury if needed.
Not exact matches
Spain, the official said, would prefer a second option
available under the new
bailout arrangements: It would apply for a credit line, a request that the ESM make
money available only if needed.
President Obama has taken financial
bailouts to a new level and there is more
money available than any time in history.