Treasury Would Emerge With Vast New Power

Treasury Would Emerge With Vast New Power

Published by kidmercuryblog
09-29-2008

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Treasury Would Emerge With Vast New Power

Can anyone say problem-reaction-solution? -- KM

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During its weeklong deliberations, Congress made many changes to the Bush administration's original proposal to bail out the financial industry, but one overarching aspect of the initial plan that remains is the vast discretion it gives to the Treasury secretary.

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bailout, treasury

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