Paulson Unmoved by Harsh Criticism on Anti-Foreclosure Program
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Treasury Department Secretary Henry Paulson faced a very unsatisfied Congress last Tuesday in a hearing on current foreclosure prevention measures, particularly the Troubled Asset Relief Program (TARP). The Democrats at the oversight hearing were highly doubtful that the Department’s program was capable of stemming the housing problem.
The TARP gets money from the Congress-approved $700 billion [...]
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