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Treasury Secretary Henry Paulson said on Monday the Treasury is developing new programs under the Troubled Asset Relief Program (TARP) and that he's confident the Treasury is pursuing the right strategy. "We are actively engaged in developing additional programs to strengthen our financial system...
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After the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and U.S. Treasury facilitated the acquisition of Wachovia by Citigroup, U.S. Treasury Secretary Henry Paulson said the failure of Wachovia posed a systemic risk to the U.S. economy, and he praised the FDIC's handling of the situation...