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Paulson Defends TARP Strategy, as Lawmakers Consider New Limits

By KELLY CURRAN

U.S. Treasury Secretary Henry Paulson, amid fire from lawmakers and other critics, continued Thursday to defend the Troubled Asset Relief Program and its new focus of injecting capital into banks and insurers as “necessary steps to prevent a financial collapse.” “Although we are not proceeding with direct asset purchase programs, we plan on using our resources [...]

Full post as published by Housing Wire on November 21, 2008 (boomark / email).