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Economy: Treasury Chief Prefers Aid to Banks, Consumer Lenders

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United States Treasury Secretary Henry M. Paulson, Jr., said his immediate concern for the $700 billion bailout program will be to help banks and consumer lenders, such as credit card, student loan and car loan companies, instead of supporting other shaky industries, reports The Washington Post. In fact, Paulson said officials are also seeking ways to help many struggling homeowners, but didn't reveal a new plan for how the government might be used to handle the foreclosure dilemma.

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