| | | Paulson Unveils Phase Two of TARP | | | Wed, 12 Nov 2008 09:17:48 EST
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 on October 3rd that we needed to act quickly and forcefully, and that purchasing troubled assets - our initial focus - would take time to implement and would not be sufficient given the severity of the problem..."
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| CNBC Videos 11/12/2008 11:21:48 AM The details on the mortgage modifications underway on Capitol Hill, with CNBC's Diana Olick |
| CNBC Videos 11/12/2008 11:22:04 AM The regulators urfe banks not to make economically viable & apprpriate loans, reports CNBC's Steve Liesman |
| CNBC Videos 11/12/2008 9:09:00 AM An economic outlook, with Frederic Mishkin, Former Federal Reserve Board governor |
| CNBC Videos 11/12/2008 9:15:00 AM The now bank holding company seeks $3.5B in TARP aid, with Frederic Mishkin, Former Federal Reserve Board governor |
| CNBC Videos 11/12/2008 9:15:34 AM Some in Washington are calling for Ed Liddy's resignation, with Rep. Elijah Cummings, D-MD and Doug Dachille, First Principles Management |
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