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Banks Need to Lend, Says White House

By PAUL JACKSON

Let’s back up a little bit: first there was the $700 billion in the U.S. Treasury’s Troubled Asset Resolution Program, or TARP. The idea, at the outset, was to clear bad assets off of bank balance sheets and enable to them to focus on moving forward. The program took a twist roughly a week ago, [...]

Full post as published by Housing Wire on October 28, 2008 (boomark / email).