Treasury Chief Says Banks Must Deploy New Capital | The Fireside Post Treasury Chief Says Banks Must Deploy New Capital | The Fireside Post
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Treasury Chief Says Banks Must Deploy New Capital

October 14th, 2008 • Related • Filed Under

WASHINGTON — Describing the government’s financial bailout plan as “extensive, powerful and transformative,” Treasury Secretary Henry M. Paulson Jr. said on Tuesday that the injection of $250 billion into the nation’s banks was needed to restore confidence and avoid a collapse of the financial system.

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