Wednesday, November 12, 2008

And Behind Curtain Number Three.........

Treasury Secretary Henry M. Paulson Jr. arrived for a news conference in Washington on Wednesday.
Paulson Remarks
Joint Fed-Treasury-FDIC Statement on Lending and Bank Bractices
Mr. Paulson said the administration would continue to use $250 billion of the program to purchase stock in banks as a way to bolster their balance sheets and encourage them to resume more normal lending. In addition, he said the Treasury’s capital infusions through the Troubled Asset Relief Program, known as TARP, might also be aimed at other kinds of financial institutions.

Paulson's Entire Address

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