Industry Waits for TARP II Specifications As Obama Administration Weighs Options
January 29, 2009
The Obama administration is widely expected to divert a significant portion of the next $350 billion in funding for the Troubled Asset Relief Program to mortgage foreclosure relief, but it’s far from clear how the program will be structured – or whether the next phase of the controversial program will pull the financial markets out of disarray. Industry observers saw Monday’s Senate...