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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (436612)	11/24/2008 6:26:06 PM
From: bentway	Read Replies (1) \| Respond to of 1574267

"Paulson May Ask for Remaining $350 Billion of TARP (Update2) " Let's hope that congress shows a little more reserve this time.

To: bentway who wrote (436612)	11/24/2008 8:17:40 PM
From: tejek	Read Replies (1) \| Respond to of 1574267

Paulson may ask Congress for the remaining $350 billion from the Troubled Asset Relief Program as he puts together plans to boost consumer credit. Treasury and Federal Reserve officials are working on an effort to buttress the market for securities backed by auto, student and credit-card loans, Paulson said last week. He’s also assembling an office to address mortgage foreclosures. Six days ago, Paulson told Congress “it was only prudent to reserve our TARP capacity, maintaining not only our flexibility, but that of the next administration.” Since then, the collapse in Citigroup Inc. shares threatened a renewed bout of financial turmoil, and forced the Treasury to mount a rescue of the bank late yesterday. I think Paulson is bipolar.