Treasury backs away from plan to buy bad assets (Reuters)

Filed Under (Personal Finance) by on 12-11-2008

Treasury Secretary Henry Paulson speaks at his news conference after the G7 Ministerial meeting in Washington October 10, 2008. (Yuri Gripas/Reuters)Reuters - Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds.

--- Reuters ...

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