November 28, 2008

Rescue Plan Could Aid Loan Providers

By PAUL BASKEN

Treasury Secretary Henry M. Paulson Jr., after saying for weeks that the federal government's $700-billion financial-rescue program would be aimed primarily at buying mortgage-backed securities from lenders, said its focus would be expanded to include other types of troubled credit markets, including those that provide student loans.

Insufficient access to credit "is raising the cost and reducing the availability of car loans, student loans, and credit cards," Mr. Paulson said. "This

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