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Originally Posted by Zarathustra
I'm sure Paulson's promise to include foreign banks in his plan has something to do with that.
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hmmm, now that Putin has let the info be released, is there any reason to cover all banks, that isn't what the "plan" states anyways...
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(a) Authority to Purchase.—The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
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They put a date of Sept 18th on it, so maybe they will have a way to monitor paper being sold into us institutions and come back with a oops sorry, can't cover those...
We still haven't seen the final...