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Obama seeks to free frozen credit markets (access required)

by admin

Published: March 23,2009

Time posted: 11:10 am

Tags: lending, Obama, treasurey

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WASHINGTON (AP) - The Obama administration launched a new effort Monday to end a paralysis in lending, saying it will team with investors to initially buy up to a trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies. In announcing the program, Treasury Secretary Timothy Geithner ...





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