Update on TARP

The negotiations regarding a second run at passing the TARP bill remain fluid, according to a note from RBS Greenwich Capital (RBSGC) just released.

RBSGC noted that to gain passage in the House, a net 12 votes need to be flipped. The strategy that Congressional leaders have adopted, economists from the firm said, is clearly to try to get more House Republicans. The Senate has tweaked the bill and will vote on it tonight after Rosh Hashanah ends at sundown.