Whither troubled assets in TARP?

[Joelle]

Whither troubled assets in TARP?
      

Will the U.S. government use its Troubled Asset Relief Program to actually buy troubled assets?
The $700 billion program was pitched as an emergency measure to take bad assets off the books of financial institutions to unclog credit markets.
But so far, the Treasury has used the money on other ways to promote lending - $250 billion [...]
         

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