U.S. Treasury Secretary Shifts Focus of Bailout
516 views · Published 13 November 2008 · 2:06 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
U.S. Treasury Secretary Henry Paulson has announced a major shift in the focus of the government's $700 billion rescue package. The money will not be used to purchase troubled mortgage assets as originally planned. Instead, the government will focus on buying stakes in banks. Leta Hong Fincher has more.
