Credit Crisis: The Story So Far
Henry Paulson announced today that a tenth of the $200 billion TARP funds for economic recovery will be devoted to "support consumer and small-business loans" -- car loans, credit cards, and other non-mortgage equities. They'll get more money and spend up to $600 billion to buy Fannie Mae, Freddie Mac, and other shaky government housing paper, the Secretary said.
This is just a little catch-up as we watch Obama's noon speech on the economy.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in New York, delivered to your inbox.