To the Point
Paulson Shifts Focus of Bailout Plan
When Congress passed the $700 billion bailout, the focus was on buying so-called "troubled assets" linked to sub-prime mortgages. Today, Treasury Secretary Henry Paulson said that's not the best use of the money after all. Instead, he wants to buy stock in banks . Greg Robb writes for Marketwatch.com , part of the Dow Jones News Service.
By Warren Olney • • 1 min readWhen Congress passed the $700 billion bailout, the focus was on buying so-called "troubled assets" linked to sub-prime mortgages. Today, Treasury Secretary Henry Paulson said that's not the best use of the money after all. Instead, he wants to buy stock in banks. Greg Robb writes for Marketwatch.com, part of the Dow Jones News Service.
