Wednesday, November 12, 2008

Paulson backs off asset plan; crisis cures at risk (Reuters)

If you thought you were going to receive some help from the huge Federal bailout, think again. -BV

Wed Nov 12, 2008 3:48pm EST

"Secretary Henry Paulson, in the most explicit sign yet that Treasury was abandoning its initial plan for the rescue funds, said he preferred to focus instead on buying stakes in banks to encourage them to increase lending."

Read the entire article at Reuters
http://www.reuters.com/article/ousiv/idUSTRE49N5VU20081112

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