Why TARP changed its tune

David John tells a story that explains why Paulson and company changed their plan for the TARP money from purchasing “toxic” assets to capital infusions.  The story is little more than rumor, but it would explain a lot.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s