Treasury could buy debt for 2 years under plan: report (Reuters)
20.09.2008 02:15 Finance
WASHINGTON (Reuters) - The U.S. Treasury would have authority to buy whole loans, collateralized debt obligations and mortgage-backed securities under an evolving financial market rescue plan, CNBC reported on Friday, citing an unnamed Treasury official.
CNBC said Treasury's proposal would be to buy debt from only U.S.-based institutions and that hedge funds would not be able to sell debts to the government.
(Reporting by Tim Ahmann)
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