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Obama Team Discussing Bad Asset Purchase Program, But It May Be Too Late

posted 512 weeks ago on The Peridot Capitalist

I have written here previously that I didn't understand why former Treasury Secretary Henry Paulson abandoned the original plan for the Troubled Asset Relief Program (TARP); buying troubled assets from banks to free them up to have more lending flexibility. CNBC reported Tuesday evening that the Obama economic team is preparing a plan to do [...]

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