Rescue plan seeks $700B to buy bad mortgages - East Valley Tribune: Business

Rescue plan seeks $700B to buy bad mortgages

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Posted: Saturday, September 20, 2008 8:19 am | Updated: 10:21 pm, Fri Oct 7, 2011.

 WASHINGTON - The Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.

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