Obama administration moves against bad bank assets

Monday, March 23, 2009 | 5:36 p.m. CDT; updated 9:38 p.m. CDT, Monday, March 23, 2009

WASHINGTON — The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered.

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