Treasury Secretary Henry Paulson stepped away from his strategy of buying troubled mortgage-backed securities.
(Molly Riley/Reuters)
Bailout retooled to boost lending
A wider range of financing firms may get US funds
Treasury Secretary Henry Paulson stepped away from his strategy of buying troubled mortgage-backed securities.
(Molly Riley/Reuters)
Treasury Secretary Henry Paulson yesterday backed away from the original strategy behind the $700 billion US plan for propping up the limping economy, opening the door to pump government cash into credit card companies, auto financing firms, and other consumer lenders in addition to banks. (Full article: 1055 words)
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