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US backing away from buying bad mortgage assets

(Agenices)
Updated: 2008-11-13 09:44

US Treasury Secretary Henry Paulson speaks during a news conference at the Treasury Building in Washington November 12, 2008. Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds. [Agencies]

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