Seems pretty clear to me, have you read it? http://www.huffingtonpost.com/2008/09/28/bailout-legislation-full_n_130063.html
TITLE I—TROUBLED ASSETS RELIEF PROGRAM SEC. 101. PURCHASES OF TROUBLED ASSETS. .—The Secretary is authorized to establish a troubled asset relief program (or ‘‘TARP’’) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary, and in accordance with this Act and the policies and procedures developed and published by the Secretary. ======================= Looks like Paulson is doing exactly what the Legislation has given him the Authority to do... --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
