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Meanwhile, Japan and France announced new bailout measures, and Pakistan and Iceland turned to the IMF for aid. The U.S. Treasury Department is said to be encouraging more mergers in the banking sector.
Asia
U.S. Treasury Secretary Henry Paulson speaks on China.
ABC News In a Christmas Eve announcement, the US Treasury Department said that it would extend unlimited financial assistance to Fannie Mae and Freddie Mac, ... US extends guarantees on Fannie, Freddie through 2012AFP
Thu, Dec 24 | from TopNews United States