Economy

September 18, 2008

Q and A: Can Washington end the financial crisis?

Stocks roared back to life Thursday on the news that Paulson was devising a plan to create something like the Resolution Trust Corporation, which took over bad real estate loans from failed savings-and-loans during the 1980's and early '90s, and eventually sold them off. Officials at the Treasury and the Federal Reserve wouldn't discuss the evolving plan.

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