The Bailout: What Does Paulson Do Now? (BusinessWeek Online)
October 6th, 2008 by
BusinessWeek Online - With a House of Representatives’ Oct. 3 passage of a Treasury’s $700 billion plan to stabilize a financial markets by buying up troubled mortgage-related assets, you could almost hear a sigh of relief spreading throughout Washington & Wall Street. After two weeks of nearly nonstop negotiations in which a bill repeatedly Credit Repairpeared to flounder, it was quickly passed on to President George W. Bush, who signed it into law within hours.
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