1.0 link 143389 http://www.huffingtonpost.com/howard-schweber/what-the-hell-is-paulson_b_143389.html Secretary Paulson announced on Wednesday that the $700 billion that Congress authorized under the Troubled Asset Reclamation Program for the purchase of asset-based securities will not be used to purchase any asset-based securities. Instead, the Treasury will continue to pump money into banks. This follows on the announcement of a renegotiation of the loan to AIG on terms much more favorable to the company - and much less favorable to the taxpayer - than had been negotiated earlier. That announcement...

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