Paulson To Hedge Funds "No Soup For You"
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In an interview on Bloomberg TV, Treasury Secretary Henry Paulson, when asked whether hedge funds might be eligible for the U.S. plan injecting capital into financial companies he said, "the program right now is for banks and thrifts."
On Monday, the Treasury announced plans to use $250 billion of the $700 billion financial bailout plan approved by congress to buy preferred shares in a number of financial companies in an effort to bolster the struggling banking system and stimulate lending.
On Monday, the Treasury announced plans to use $250 billion of the $700 billion financial bailout plan approved by congress to buy preferred shares in a number of financial companies in an effort to bolster the struggling banking system and stimulate lending.
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