TARP UPDATE: Troubled Assets Will Not be Purchased


In remarks delivered by Treasury Secretary Paulson on November 12, 2008 providing an update on, and discussing the deployment of the remaining funds available under the Treasury?s Troubled Asset Relief Program (?TARP?), Mr. Paulson indicated that direct asset purchases under the TARP were unlikely as the Treasury had determined that at this time such purchases were not the most effective use of the remaining funds available under the TARP.

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