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US weighs purchasing stakes in more firms

The Treasury Department is considering using more of its $700bn (€552bn) rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success, according to people familiar with the matter.

In focus are companies that provide financing to the broad economy, including bond insurers and specialty finance firms such as General Electric's GE Capital unit, CIT Group and others, these people said.

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