TARP spending could shift to housing
Obama, through Bush, asks for second $350 billion
By Matt Carter, Monday, January 12, 2009.The focus of the Treasury Department's $700 billion Troubled Asset Relief Program (TARP) could soon shift from recapitalizing banks to helping troubled homeowners avoid foreclosure and stimulating demand for housing.
The Bush administration has agreed to make a formal determination that the second $350 billion in TARP money will be needed, so that President-elect Barack Obama could theoretically have the money at his disposal soon after he takes office Jan. 20.
more...
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.