MoneyRates Blog

Paulson on Paulson’s Plan

December 1, 2008
By MoneyRates team | Money-Rates Columnist

Treasury Secretary Paulson lobbied Congress very hard for the $700 billion in bailout funds needed to buy toxic mortgage securities. After Congress approved the plan, Paulson reversed course and the main use of the TARP funds has been capital injections directly into troubled financial companies. Unfortunately, as companies like Citigroup, AIG, Bank of American, Wells [...]

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