Wednesday, Nov 19, 2008
Paulson's TARP Programme comes under the spotlight
Bloomberg: It Isn’t a TARP Without Troubled Assets to
Nov. 19 (Bloomberg) -- Every time Treasury Secretary Hank Paulson updates us on the government’s efforts to stabilize the financial system and announces the latest twist in the Troubled Asset Relief Program, I get a sinking feeling in my stomach.
I know he will introduce a host of new acronyms for new lending facilities to rescue new asset classes from new and anticipated distress.
And I know that, no matter how hard I focus on what he says or how many times I read the press release and accompanying stories, I won’t be able to get my arms around the details.
Posted by flintster1994 @ 02:46 PM (258 views) Add Comment
1 Comment
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1. fjcruiser said...
The US Congress signed a blank cheque thinking it would solve the problems.How dumb was this!