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| | | ... will now auction unlimited dollar funds as against their previous capped swap arrangements. Rumours that US Treasury Secretary Henry Paulson is planning to purchase equity directly from financial firms also generated optimism in the financial markets. ... |
| | | | ... the financial sector, Edward M Liddy, AIG chairman and chief executive officer, in a letter just written to Treasury Secretary Paulson, said, "we owe our employees and the American public new standards and approaches". "[AIG is] re-evaluating the costs ... |
| | | | ... According to the Treasury Department, the money guaranty program will exist for an initial three-month term, after which the Secretary of the Treasury will review the need and terms for extending the program. While the program protects the accounts of ... |
| | | | ... will be used to retire the US federal debt and a portion set aside for a federal housing authority. The US Treasury secretary will coordinate with foreign financial authorities and central banks about establishing similar rescue programs. Limits excessive ... |
| | | | ... or education. Reduced spending will lead to higher unemployment and slower economic growth. For his part, US Treasury Secretary Henry Paulson stated that, '... this entire proposal is about benefiting the American people, because today's fragile financial ... |
| | | | ... congressman, said, "After reading this proposal, I can only conclude that it is not only our economy that is at risk, Mr Secretary, but our Constitution, as well," reported the New York Times. Fears the bail-out bill is unconstitutional stem from prohibitions ... |
| | | | ... of Lehman Brothers Holdings and its impact on the Mahogany Notes I," said Nicholas Geddes, Mahogany Capital company secretary in a statement. "Directors hope to be in a position to provide further details of the position and, if sufficient details become ... |
| | | | ... harmful to economic growth and job creation. That is why we have taken these actions." With these statement, US Treasury Secretary Henry Paulson announced the 'de facto'nationalisation of the country's two mortgage giants - Fannie Mae and Freddie Mac. ... |
| | | | ... Pettiona's appointment, Richard Mollett resigned as company executive director but will retain his executive role as company secretary. Meanwhile, Findlay will remain as non-executive director after Buttula takes the helm. The former IWL head said that ... |
| | | | ... the US Treasury. The US Treasury announced a pre-emptive plan to support both Fannie Mae and Freddie Mac. US Treasury Secretary Paulson noted that the plan is currently not needed but it is important to maintain confidence and stability of the GSEs who ... |
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