Reuters – Paulson backs off asset plan; crisis cures at risk 11/12/2008

The U.S. Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.

To read the full story, please click here:

http://www.reuters.com/article/topNews/idUSTRE49N5VU20081112

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