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WEDNESDAY NOVEMBER 12
Another Day, Another ‘New’ New Phase Of Same Old TARP They’ve got another one! But this idea is soooo much better than the first one thousand and fifty-two already obscuring the cutting room floor. That proposal to conduct auctions to buy up bad loans and troubled assets? Pshaw! So last month. The plan now is to require firms seeking government money to raise private capital on their own to qualify for public assistance. That’ll learn ‘em. With only $60 billion left in its sieve-like pocket, here’s how Treasury will attempt to not spend all of its vestigial fund in one place (though, with AIG, AmEx and Detroit all jockeying for a piece of the action, that task will be none too easy). November 2008New User?Sign up to get free access to TraderDaily.com
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