Exclusive Worldwide Regions Markets Industries Economy Politics Law Environment Invest Science Opinion Spend Sports Arts and Culture Editors Video Picks Bloomberg Markets Magazine Special Report RESOURCES Bloomberg TV Bloomberg Radio Bloomberg Podcasts Bloomberg Press Paulson Says StockBuying Aimed at `Regulated Firms Update5 By Peter Cook and Rebecca Christie fell in by the in almost34 years as hurricanes and an aircraft strike combined with thecredit crunch to weaken manufacturing. To contact the reporters on this storyPeter Cook in Washington at Rchristie4bloomberg. net. He pushed Congress to pass financial rescue packagethat gives him broad authority to pump money into cashstrappedbanks.

toward recession. He pushed Congress to pass financial rescue packagethat gives him broad authority to pump money into cashstrappedbanks. “If you itwrong the problem is going to multiply and theyre going to becoming back for more money, Levine said. Senator Robert Casey, Pennsylvania Democrat, wrotePaulson saying the bank rescue efforts dont do enough tohelp households. “It troubles me that the Treasury has committed 250billion to an effort to provide help to banks, without modifyinga single mortgage, Casey said in statement. CEO Compensation “You dont want to react too much to the equity market anysingle day, Paulson said in the interview.

Treasury Secretary HenryPaulson said his plan to inject capital into financial companiesis focused on banks and thrifts, indicating unregulated firmssuch as hedge funds wont initially government aid.

“It troubles me that the Treasury has committed 250billion to an effort to provide help to banks, without modifyinga single mortgage, Casey said in statement. “The program right is for banks andthrifts. The worst credit crisis in more than seven decades iscutting wider swath across the financial system than Paulsonexpected.

Bloomberg In the interview, Paulson said the Treasury is consideringmore steps to limit foreclosures. The number of CEO Compensation “You dont want to react too much to the equity market anysingle day, Paulson said in an interview todaywith Bloomberg Television, when asked whether hedge funds mightalso be eligible. fell in by the in almost34 years as hurricanes and an aircraft strike combined with thecredit crunch to weaken manufacturing. Paulson signaled in the interview that more needs to bedone to help American homeowners avoid foreclosure, and heacknowledged that the economy faces “a number of tough monthsahead. “The program right is for banks andthrifts.
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