Paulson flip-flops AGAIN. Now considering using all $700 billion of the TARP

Discussion in 'Economics' started by bond tr4der, Nov 24, 2008.


    Meanwhile, Mr. Bush's outgoing Treasury secretary, Henry Paulson, is now considering a more activist stance in his final weeks in office than he had signaled as recently as last week. He is considering tapping the second half of the government's $700 billion financial-industry rescue fund, and rolling out new programs in response to worsening market conditions, according to people familiar with the matter.

    Among other things, he is seeking ways to make it easier for households to borrow money. He is also looking for ways to reduce the burden of foreclosures on homeowners.

    The moves came as officials at the Treasury and the Fed spent the weekend on yet another emergency rescue plan, this one for giant Citigroup after its stock fell 60% the past week.
  2. achilles28


    Paulson is such a Criminal.

    Honestly, buy all shit paper.

    Confidence is restored.


    People can refinance.

    Markets stabilize.

    These guys are straight-up Criminals.
  3. Forbes: Paulson is 'worst' treasury secretary in modern times

    Get this: "The Treasury Department had no comment on Forbes’ remark, but in a speech on Thursday, Paulson said that the administration’s proactive response to the troubled economy 'prevented a far worse financial crisis.'”

    What? They waited for things to fall apart before acting.