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Delivering an update to the Troubled Asset Relief Program (TARP) , U.S. Treasury Secretary Henry Paulson said that purchasing troubled assets - the original intention of the $700 billion rescue package - is not an effective use of the program. "It was clear to me by the time the bill was signed...
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In an unprecedented series of actions from the U.S. Treasury Department, the U.S. Federal Reserve and the U.S. Securities and Exchange Commission over the last 24 hours, the administration has announced plans to purchase illiquid assets from financial institutions. It also promised to buy up Fannie Mae...
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In an interview with Bloomberg on Monday night, U.S. presidential candidate Barack Obama said he doesn't think the Federal Reserve has to "do everything." He said Treasury Secretary Henry Paulson's streamlined rules were a good choice, and that it was "premature" for the U...
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Speaking to journalists en route to Berlin, Treasury Secretary Henry Paulson said that his speech on July 2 will focus on the Federal Reserve's role as a macro stability regulator. Paulson said that speech will focus on the Federal Reserve's process for intervening in financial affairs and that any intervention...