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Miscellaneous

CUs Lobby Treasury To Reconsider About-Face On TARP

NOV 13, 2008 7:40pm ET

WASHINGTON – NCUA Chairman Michael Fryzel called on the Treasury Department yesterday to adhere to the original intent of the $700 billion bailout plan, the purchase of distressed mortgage assets from banks and credit unions, and not abandon the assets purchase plan altogether, as Treasury proposed on Wednesday.

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