December 17, 2007

Paulson welcomes banks’ steps on subprime debt (Reuters)

U.S. Treasury Secretary Henry Paulson listens to a speech in Xianghe, near Beijing, December 12, 2007. Paulson said on Monday that moves by some banks, including Citigroup, to bring off-balance sheet investments tied to subprime mortgages back onto their books would help ward off a widespread credit crunch. (Andy Wong/Pool/Reuters)Reuters – Treasury Secretary Henry
Paulson said on Monday that moves by some big banks to bring
off-balance sheet investments tied to subprime mortgages back
onto their books would help ward off a widespread credit
crunch.

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