Mandel: Paulson’s Shift Is Just a Start (BusinessWeek Online)

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BusinessWeek Online - Listening to Hank Paulson's Nov. 12 speech, one is impressed both by his flexibility and a barely controlled underlying sense of panic. In a few short weeks, the Treasury Secretary has gone from a bailout plan focused solely on using $700 billion to buy up mortgage-backed securities to one that may not spend any money at all on mortgage-backed securities. Instead, as he announced Wednesday, much of the remaining money will be used to support consumer loan markets that have frozen up -- credit-card debt, student loans, and auto loans. ...

--- BusinessWeek Online ...



categoriaPersonal Finance commentoNo Comments dataNovember 13th, 2008

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