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The Bailout: What Does Paulson Do Now?

Treasury Secretary Henry Paulson announcing the biggest overhaul of financial regulations since the Great Depression. With the House of Representatives' Oct. 3 passage of the Treasury's $700 billion plan to stabilize the financial markets by buying up troubled mortgage-related assets, you could almost hear the sigh of relief spreading throughout Washington and Wall Street. After two weeks of nearly nonstop negotiations in which the bill repeatedly appeared to flounder, it was quickly passed on to President George W. Bush, who signed it into law within hours.

The Bailout: What Does Paulson Do Now?
xcel, Oct 5, 2008
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