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NEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson said on Friday that the U.S. government was working on a plan to buy stock in financial institutions by using part of the $700...
WASHINGTON – The Treasury Department said Friday that it will buy stakes in major U.S. banks and financial institutions, announcing the bold move as leaders of the world's leading industrialized democracies agreed to guidelines for joint action...
WASHINGTON - The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted...
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US Treasury Secretary Henry Paulson says the US government is planning to invest directly in US banks to prevent them from failing, expanding the focus of the government's $US700 billion ($1 trillion) rescue plan.
"We're going to do it as soon as...
Apparently the government has woken up and decided to move forward with a plan to take equity stakes in the nation's banks:
(From the Associated Press): WASHINGTON - Treasury Secretary Henry Paulson said Friday that the Bush administration will...
