The Great TARP Bait and Switch: "This morning Treasury Secretary Henry Paulson addressed a skeptical press about the latest plans for those 700 billion dollars that were appropriated for the 'TARP' -- or Troubled Asset Recovery Program. Now Paulson says Treasury won't buy those 'Trouble Assets' -- one of the many metamorphoses this program has had in its young life.

In the meantime, care to apply for some TARP money? Turns out there's a five-page, downloadable document to fill in -- if you're interested...here's the link.

And here's ABC's Dan Arnall on whether there has been, as he puts it, a 'Great TARP Bait & Switch'."
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All you troubled condos and HOAs, better get to work on that 5 page form. Pretty soon you will be standing behind Iceland.