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Video: Paulson explains TARP (I think)

November 15, 2008 7:30 am

Well, we have finally the opportunity to get some clarity from Treasury Secretary Paulson on his recent change of plans to discontinue TARP payments to, well…. Troubled Assets.

It is astonishing that Paulson is blaming Congress for the slow approval process which he intimates changed the game. It seems that by the time he had the money, it was too late it seems. Now he is looking to do something else that will really help. I sure hope he gets a real plan before his vacation in January.

Is ti me or does it appear that there is no real plan?

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Written by Andrew Horowitz · Category(s) Economy    |  Tags: •   

One Response to “Video: Paulson explains TARP (I think)”

  1. Anthony J. Alfidi on November 16th, 2008 12:32 am

    Don’t worry, it’s not you. There is no real plan. Secretary Paulson changed his mind on how to use the TARP money when he saw the UK government buying equity stakes in its banks. He doesn’t want to admit that he imported an effective concept from overseas, as that might diminish the U.S.’s credibility in leading the G-20 out of this mess.

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