The TARP II details are now in relief. 1. Government regulators will get banks onto treadmills and perform some sort of "stress test" to make sure that they keep afloat and can wisely spend whatever money they get. Banks that need money will be given a "capital bugger" to make sure they can keep lending.  2. The Treasury is partnering with the Federal Reserve to start a consumer lending initiative that will use up to $1 trillion to kick-start the secondary lending markets, which would reduce borrowing costs across the board. 3. Toxic assets -- PPIF -- the Public-Private Investment Fund will use TARP seed money to create an institution to buy up bad assets -- the private sector would determine the price for these previously illiquid assets.$50 billion will be used to reduce monthly payments and establish uniform foreclosure mitigation guidelines.