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White House Waited Too Long To Overhaul Rescue Plan

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A new approach that would inject capital into banks raises questions on whether officials squandered time with an earlier $700 billion plan to buy securities and whether White House officials wasted time resisting Democratic proposals to require that the government receive an equity stake in the companies it was helping. Now, because of the delay, the price tag has gone up.
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I live in the Pacific Northwest and I am interested in current affairs.
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