Though the current administration has shut the door on using the Troubled Asset Relief Program  (TARP) to buy illiquid assets from banks, policymakers are increasingly turning to the idea again as other efforts to stem the financial crisis sputter.

Top officials at the Federal Reserve Board and the Federal Deposit Insurance Corp. (FDIC)offered an outline Tuesday of how such a plan could be implemented, joining a chorus of industry representatives and other observers who argue it is the only way to stabilize the financial system.

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