<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081112/bs_nm/us_financial_paulson"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081112/2008_11_12t141857_450x316_us_financial_paulson.jpg ?x=130&y=91&q=85&sig=c6c8Tg9hWe0Li6nQqRfYhw--" align="left" height="91" width="130" alt="U.S. Treasury Secretary Henry Paulson speaks during a news conference at the Treasury Building in Washington November 12, 2008. Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds. (Mitch Dumke/Reuters)" border="0" /></a>Reuters - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets.</p><br clear="all"/>

View the entire article: U.S. backs away from plan to buy bad assets
(Reuters)