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Tuesday, October 7, 2008
Treasury Accepting Bids
The U.S. Treasury is now accepting bids for financial rescue plan managers.The winners will be announced on Wednesday.They are to begin working on Saturday.The plan is aimed at the credit market,rather than the stock market.It is designed to restore confidence to lending institutions.Neel Kashkari,a former Goldman Sachs executive,is interim head of the effort.Mr.Kashkari,35,was Assistant Secretary of the Treasury for International Affairs.
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