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originunknown

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Wednesday, 11/12/2008 11:35:20 AM

Wednesday, November 12, 2008 11:35:20 AM

Post# of 27200
Breaking News Alert
The New York Times
Wednesday, November 12, 2008 -- 11:22 AM ET
-----

Paulson Shifts Bailout Focus to Borrowers and Non-Banks

Treasury Secretary Henry M. Paulson Jr. said that the $700
billion financial bailout program would not be used to buy
troubled mortgage-backed assets, as originally intended.
Instead, capital would be provided directly to nonbank
companies as well as banks and financial institutions, and
that more would be done to prevent home foreclosures.

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