Treasury Mum On TARP Asset Purchase Plans

The Treasury Department is remaining silent regarding the details of its plan to purchase banks’ distressed mortgage assets through the $700 billion Troubled Asset Repurchase Program.

  • 10 Nov 2008
--Aaron Johnson & Olivia Thetgyi

The Treasury Department is remaining silent regarding the details of its plan to purchase banks’ distressed mortgage assets through the $700 billion Troubled Asset Repurchase Program. “I can’t give a definite date [for when the TARP will start buying]. Secretary [Henry] Paulson will make ...

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