Treasury Stays the Course on Capital Purchases, Asset Purchase Not a Wise Use of TARP Funds
November 21, 2008
Treasury Secretary Henry Paulson said he is committed to injecting more capital into financial institutions rather than purchasing troubled assets to stabilize the financial system and spur lending.Facing hostile Democrats on the House Financial Services Committee during a hearing this week, Paulson expressed no remorse for his decision to stray from the original intent of the Troubled Asset...