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Rescue Plan Details

Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry M. Paulson Jr. urged the Senate Banking Committee yesterday to quickly approve a $700 billion plan to remove illiquid assets from the banking system. They argue that getting the bad debts off the banks' books should ease one of the biggest choke points in the credit crisis. But lawmakers have resisted a hasty approval of the proposal.


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Alternative Solutions Diverge From Administration's Approach
Article | To hear Henry M. Paulson Jr. and Ben S. Bernanke tell it, there is only one plan to save the economy -- use $700 billion in taxpayer money to take the worst of Wall Street's assets off its books.

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