Treasury Mulls Strategy for TARP II; Sentiment May Lean toward Guarantees
February 5, 2009
Obama administration officials are being bombarded with advice on how to spend the remaining $350 billion of funding for the Troubled Asset Relief Program as they finalize a game plan that’s expected to be released early next week. A few things are given. TARP II will feature a significant foreclosure relief component that could account for up to $100 billion. Mark Zandi, chief...