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.


Sponsor Content

Newsletters

All-access pass to the top stories, events and offers around town.

  • Top Stories
    Send:

Newsletters

All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >