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By Alison Fitzgerald and John Brinsley
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Sept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze [...]

By Gonzalo Vina and Alison Fitzgerald
April 13 (Bloomberg) — Finance chiefs from the U.S. and Europe said the eight-month credit squeeze is still festering and urged banks to take steps to relieve it.
“The chain of bad news may not have come to an end,” Italian Finance Minister Tommaso Padoa-Schioppa said yesterday as the International Monetary [...]