Bank stock purchased pushed; 'no' to protectionism

 
By HARRY DUNPHY and TOM RAUM / Associated Press Writers
Published: October 12, 2008

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 administ...


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