Breakingviews | Future of Tarp

Considered view

12 Nov 2009 20:57

Temporary piggy-bank

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Obama may take unused or repaid funds to cut US debt. That's the right thing to do eventually, not least because it stops Tarp becoming a slush-fund. But the US economy is still fragile and more banking trouble is possible. Phasing Tarp out by concrete steps makes better sense.

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