THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

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. Treasury Secretary Henry Paulson stepped away from his strategy of buying troubled mortgage-backed securities. (Molly Riley/Reuters)
By Ross Kerber and Robert Weisman
Globe Staff / November 13, 2008

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

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)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?

Non-Subscribers

Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass