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02opida

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02opida

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Wednesday, 11/12/2008 1:45:28 PM

Wednesday, November 12, 2008 1:45:28 PM

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"encouraging them to resume more normal lending"

Paulson said the government's $700 billion financial rescue package won't purchase troubled assets from banks as originally planned. He said that plan would have taken too much time, and that the Treasury instead will rely on buying stakes in banks and encouraging them to resume more normal lending.

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