Paulson continues Tarp U-turn

Henry Paulson, the US secretary of the treasury, has signaled a further shift in the way the administration will use the $700 billion at its disposal under the Troubled Asset Relief Program (Tarp), by saying purchasing bad assets from financial institutions is not the most effective way to use the funds.

Speaking in Washington on Wednesday, Paulson paved the way for the government to step up its acquisition of equity stakes in trouble banks - something he originally resisted, when he told lawm

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: