News & Politics

Credit Crisis: The Story So Far

by

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.

Most Popular