Paulson to announce program to focus on consumer lending

11/25/2008 | Bloomberg11 · Wall Street Journal (free content), The

Treasury Secretary Henry Paulson plans to announce a new lending facility, which the Federal Reserve will operate, to boost the availability of student loans, auto loans and credit cards, sources said. The Treasury will contribute as much as $100 billion to the facility from the Troubled Asset Relief Program. The program is an effort to make it easier for consumers to get loans. Read this chart see see how TARP funds have been spent so far.

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Bloomberg11 · Wall Street Journal (free content), The

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