Paulson May Ask for Remaining $350 Billion of TARP |

Paulson May Ask for Remaining $350 Billion of TARP

Nov. 24 (Bloomberg) — Treasury Secretary Henry Paulson, less than a
week after indicating he would let the Obama administration decide how
to use the second half of the $700 billion financial fund, is
considering asking for the money.

Paulson may ask Congress for the remaining $350 billion from the
Troubled Asset Relief Program as he puts together plans to boost
consumer credit. Treasury and Federal Reserve officials are working on
an effort to buttress the market for securities backed by auto,
student and credit-card loans, Paulson said last week. He’s also
assembling an office to address mortgage foreclosures.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFcSMtrPJRw8

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