Word: wednesday
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...Wednesday Treasury Secretary Henry Paulson told Congress that he believes buying mortgage bonds is no longer the best use for the remaining TARP funds. Instead, he said, Treasury is looking at injecting more money into struggling "banks and nonbanks." He said he plans to use some of the remaining bailout fund to support the market for troubled car loans and credit-card debt, as well as to reduce home foreclosures...
...explanation of his actions since the dust settled from the financial panic of late September and early October, and Treasury Secretary Henry Paulson had clearly been thinking about it for a while. Normally a believer in brevity, especially at press conferences, he arrived in the Treasury press room Wednesday morning with a 3,500-word speech prepared. He then proceeded to read the whole thing, taking a few big swigs of water along the way, before hoarsely submitting to questions...
...bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting $216 billion of the TARP hoard into capital injections. On Wednesday, Paulson said that Treasury has concluded that, for the moment at least, buying illiquid mortgage securities "is not the most effective way to use TARP funds." Instead, Treasury will look to help nonbank lenders involved with credit cards, auto loans and other forms of consumer finance...
...after the election, I was on the Redline inbound to Braintree. In many ways it was the usual Wednesday afternoon subway crowd: tiny Asian grandmothers clutching shopping bags, girls in leggings lost in their iPod worlds, thirty-somethings in scrubs who got on and off at Charles MGH. But the black passengers seemed changed, somehow. Maybe it was the young black man wearing a shirt of the type that usually has a hip-hop artist plastered across its front, only Tupac’s face was replaced by Barack Obama’s. Or maybe it was the black woman...
...Britt, Flores, and Wong confirmed that they are considering running, though Britt said he is inclined not to. Schwartz said he was focused first on his role on the College Events Board. The candidates will be able to officially declare their candidacies and begin collecting signatures this Wednesday, Nov. 12.Petitions are due with 150 signatures by Friday, Nov. 21. Campaigning will begin Monday, Dec. 1. Voting will begin Friday, Dec. 12, and end Monday, Dec. 15.BACKGROUNDS AND EXPERIENCEAll the rumored candidates are heavily involved in student groups. Flores, a Currier resident, is a history major from New Mexico...