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Paulson’s Plan Not a Resolution Trust Corp. Scenario
The stock market leaped giddily in late Thursday’s trading on rumors that Treasury Secretary Henry Paulson Jr. is thinking of “a government-led plan that would bail out the banks in a Resolution Trust Corp.-type scenario,” in the words of the Wall Street Journal’s “MarketBeat” blog.
Yearnings for an “RTC-type solution” that could hold failing mortgages over [...]
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