The debate |
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Markets are watching with growing anxiety as the political debate on Paulson’s Troubled Assets Relief Program (TARP) rapidly heats up— with money market tensions running high and growth weakening, the sense is that the plane is going down fast while policymakers wrestle for the controls. Criticism to the TARP has been levied from both sides of the aisle. Most US lawmakers are visibly uncomfortable with the scope of the envisaged government intervention, and while conscious of the urgency of
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