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$700B bailout enters Second Stage

by Riley Jones on Wed 12 Nov 2008 12:29 PM EST | Permanent Link | Cosmos

In this second stage of the bailout, officials also hope to attract private capital, possibly through matching investments, to give the government's injections more heft.

Paulson also said the government is no longer planning to buy troubled mortgage assets, the original goal of the plan. And officials are continuing to examine ways to help homeowners and slow the tide of foreclosures.

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