A $700 billion plea

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Treasury Secretary Paulson and Fed Chief Bernanke say $700 billion bailout plan a necessity and cost of inaction could be dire. Bernanke and Paulson face questions about a proposed $700-billion plan that would have Treasury buy bad assets from financial institutions and hold them until they could be sold at a later date. Deborah Lutterbeck reports.SOUNDBITES:Fed Chairman Ben Bernanke. Treasury Secretary Henry Paulson Banking Committee Chairman Chris Dodd

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