TARP Bank Bailout Program To Be Extended Until October 2010 — Just in Case
 December 9, 2009 –
”Treasury Secretary
Timothy Geithner told Congress –
in a letter – that the Obama
administration is extending the
$700 billion financial-rescue
program until October, saying the
U.S. must hold on to the money in
case of new financial shocks,”
reports Robert Schmidt and
Rebecca Christie at Bloomberg News.
“House Majority Leader Steny Hoyer, a Maryland
Democrat, said yesterday lawmakers may seek to
finance between $75 billion and $150 billion in
highway construction and other job-creating measures
with unused TARP funds.” Continue reading…
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