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Wednesday, February 15th, 2012

Posts Tagged ‘ Consumer Finance Companies ’

Paulson Amends TARP, Reshaping the Bailout

Nov 13th, 2008 | By Jason Simpkins | Category: Financial News

U.S. Treasury Secretary Henry M. Paulson yesterday (Wednesday) announced a reshaping of the government’s $700 billion Troubled Asset Relief Program. Instead of purchasing troubled assets directly from banks, Paulson said the majority of the funds allotted to the Treasury Department would be used to purchase equity stakes in financial institutions and bolster the consumer credit market.