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Treasury Secretary Henry Paulson’s decision not to relieve banks of their troubled mortgage-related assets looks like bad news for Citi (C). Shares in the bank fell 8% in trading Wednesday to $9 and change - marking the first time they have broken below $10 in a dozen years. The decline ca...
15:30 *PAULSON SAYS MARKET TURMOIL WON'T ABATE UNTIL HOUSING REBOUNDS In a similar vein, we are seeing increasing interest in support consumer access to credit. Treasury Secretary Henry Paulson today announced that TARP is no longer about troubled assets:
Thu, Nov 13 | from Economist's View