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The lack of confidence in the U.S. financial system "must be conquered because it poses an enormous threat to our economy," said U.S. Treasury Secretary Henry Paulson on Tuesday, adding that it is imperative for the government to purchase equity stakes in multiple financial institutions. Paulson...
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In a policy statement released by the President's Working Group on Financial Markets, U.S. Treasury Secretary Henry Paulson said that there is much work to be done on market regulation . "While market participants and regulators alike have taken important steps, there is still much work to be...
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The $700 billion rescue package passed last week by the U.S. Congress will in part be used to inject capital into financial institutions , Treasury Secretary Henry Paulson said during a press conference on Wednesday. He is also calling for a G20 meeting to discuss the current financial crisis. Paulson...
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Following one of the most chaotic weeks in the history of Wall Street, U.S. Treasury Secretary Henry Paulson on Saturday proposed to Congress a $700 billion bailout plan directed at the heart of the crisis. The plan, which gives the Secretary broad authority to purchase mortgage-related assets from any...
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Treasury Secretary Henry Paulson reassured the American public Monday that the U.S. banking system is a "safe and sound one" following the weekend bankruptcy of investment bank Lehman Brothers and the Bank of America takeover of Merrill Lynch, and that he will take further action if needed...