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Bad Credit Card Newsbad credit cardThe Bush administration signaled yesterday that it would reject a proposal by congressional Democrats to immediately advance $25 billion in government loans to ailing Detroit automakers. The White House and Treasury Secretary Henry M. Paulson Jr ... Read moreWashington Post - Washington PostThe Bush administration is abandoning the centrepiece of its massive $700 billion economic rescue plan and is instead exploring new ways to shore up not only banks - but credit card, car loan and other huge businesses. Democrats are pressing hard to ... Read moreUS bail-out in U-turn on bad assets - MSN UK NewsHere’s another example of how fast things are changing. “Inflation Beyond the Headlines” was the title of Atlanta Fed chief Dennis P. Lockhart’s speech to the Georgia State University’s Economic Outlook Conference on Aug. 27. As most were ... Read moreFalling prices can’t be all bad - Atlanta Journal ConstitutionWASHINGTON (Nov. 12) - Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge ... Read morePaulson Drops Plan to Buy Bad Assets - AOLWASHINGTON — The Bush administration is embracing an old adage when it comes to its financial rescue plan: Try, try again. Shifting course, the administration revamped its $700 billion bailout package by jettisoning the idea of purchasing banks ... Read moreBad bank assests won't be bought, Paulson says - Austin American-StatesmanWASHINGTON — Treasury Secretary Henry Paulson said today the $700-billion government rescue program will not be used to purchase troubled assets as originally planned. Paulson said the administration will continue to use $250 billion of the program ... Read moreIn shift, bailout won't buy bad debt - Detroit Free PressWashington, Nov 13: Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive USD 700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge ... Read moreUS backs away from plan to buy bad assets; Democrats seek auto aid - Zee NewsTreasury Secretary Henry Paulson says that the $700 billion government rescue program will not be used to purchase troubled assets as originally planned. Treasury Secretary Henry M. Paulson Jr. announced a series of moves yesterday that redefine the ... Read moreTreasury Redefines Its Rescue Program - Washington PostWednesday, November 12, 2008 (11-12) 18:20 PST -- The Treasury Department reversed course on its massive bailout effort today, saying it would not use the $700 billion rescue fund approved by Congress to purchase bad mortgage securities but instead ... Read moreTreasury changes course on bailout, won't buy bad mortgages - San Francisco GateSend To: WASHINGTON -- Treasury Secretary Henry Paulson said Wednesday the $700 billion government rescue program will not be used to purchase troubled assets as originally planned. Paulson said the administration will continue to use $250 billion of ... Read more |
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