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Paulson to Banks: Do It for Your Country

$250B bailout needed to restore faith, keep capital at home

By Clay Dillow,  Newser Staff

Posted Oct 14, 2008 1:00 AM CDT

(Newser) – The $250 billion plan to guarantee new bank debt and unlimited bank deposits in certain accounts isn’t just an option, Treasury Secretary Paulson told the chiefs of nine banks yesterday; it’s for the good of the country. The plan, the country’s response...   Read full story »

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