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Treasury says has power to inject bank capital

 
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PostPosted: Thu Oct 09, 2008 7:19 am    Post subject: Treasury says has power to inject bank capital Reply with quote

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday a recently approved financial bailout bill gives him wide authority to inject capital into the banking system and would not rule out having Treasury take an ownership position in banks if necessary.
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