The TARP Funds 2nd Half Is Set For Release
According to the article below from The Wall Street Journal, the senate has cleared the way for the Obama administration to have access to the remaining $700 billion from the TARP fund. “To overcome political objections, the incoming Obama administration pledged to spend $50 billion to $100 billion on a “sweeping” foreclosure-prevention effort. It also said it would impose tougher restrictions on banks that receive government aid, including requirements on banks to lend money, increased restrictions on executive compensation and curtailed dividend payments for some firms.”
This could really help to stabilize the current real estate market. Stopping foreclosures and getting the banks to lend is the key to stimulate the economy. It is not just a matter of supply and demand in my opinion.