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Treasury Changes Direction on TARP by Micah W. Bloomfield
Stroock & Stroock & Lavan LLP - New York Office
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December 9, 2008
Previously published on November 13, 2008
In response to the positive effects to date of capital injections helping to stabilize financial markets, Treasury Secretary Henry M. Paulson, Jr. said yesterday that the capital purchase program of the Troubled Asset Relief Program (the "TARP") will be expanded to include a wider array of banks and non-bank financial institutions.
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