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Europe in Better Shape, No Need for a TARP-Like Rescue Yet

As the U.S. works to put together its Troubled Asset Relief Program (TARP), comments by U.S. Treasury Secretary Henry Paulson suggest that similar schemes are being crafted in some non-U.S. countries. Troubled sectors in Europe include U.K. assets in the nonconforming and CMBS space, Spanish RMBS and CLO assets, and...

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