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US Financial Bailout allow Treasury to bailout foreign banks

submitted by 13093

1 decade 5 years 7 months 2 weeks ago

The proposed bill up for vote in the senate Wednesday night has no provision preventing the Treasury from buying up assets from foreign banks or companies. Infact, in committee hearings, Sec. Treasury Henry Paulson hints at suggesting a veto of the proposal if such language is amended to the bill.