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Paulson: On Second Thought, We’re not Buying Toxic Assets After All

By Dividend.com Staff
November 12th, 2008

paulson-on-second-thought-were-not-buying-toxic-assets-after-all

In a stunning revelation today on Capitol Hill, Treasury Secretary Henry Paulson reversed course and said, after careful consideration, that the federal government no longer plans to purchase toxic mortgage assets from our nations' banks as part of the $700 billion TARP bailout program.

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One Response to “Paulson: On Second Thought, We’re not Buying Toxic Assets After All”

  1. Fed to Buy $600B in Mortgage-Backed Assets but is anyone steering the ship? | Van Santos Says:
    November 25th, 2008 at 12:40 pm

    [...] it was less than two weeks ago the Fed said: Purchasing toxic assets from troubled lenders, once the centerpiece of the rescue effort, is now [...]

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.