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Saturday, February 4, 2023

Full steam ahead on bank bailout plan

The Obama administration is not letting widespread criticism of the rollout of its revamped bank bailout plan slow down its efforts to address the worst financial crisis in seven decades.

Treasury Secretary Timothy Geithner spent the weekend explaining the plan to America’s allies at a meeting of the Group of Seven major industrial countries, where he got a much better response than the initial reaction on Wall Street.

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