Paulson says adding bank capital needed: report (Reuters)

Treasury Secretary Henry Paulson speaks during a news conference at the Treasury Building in Washington November 12, 2008. (Mitch Dumke/Reuters)Reuters - Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest, but acknowledged the U.S. reputation is tarnished as a result of the financial crisis that has spread around the world.


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