Paulson: A change in plans or the trouble with TARP

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At bailoutsleuth.com

Sec. of Treasury Paulson confirmed Wednesday what was already becoming apparent -- that the government will not use any of its $700 billion financial-industry bailout fund to buy toxic assets from banks and other institutions. Those purchases were the basis of the Troubled Asset Relief Program (TARP) that Congress approved last month.

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At bailoutsleuth.com


 

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