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Published: October 12, 2008
Bank stock purchased pushed; 'no' to protectionism
By HARRY DUNPHY and TOM RAUM / Associated Press Writers
WASHINGTON (AP) - Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending. Sen. Chuck Schumer , chairman of the Joint Economic Committee, said an administrat...
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