biz.yahoo.com - 10/9/2008
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WASHINGTON (AP) -- The Bush administration is considering taking ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis. An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue ...
online.wsj.com - 10/9/2008
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online.wsj.com —
[WASHINGTON - OCTOBER 08: Secretary Henry M. Paulson
leaves after answering questions during a press conference at...
the Treasury Department October 8, 2008 in Washington, DC. During the press conference Paulson commented on the current financial crisis ...
(more)
U.S. Treasury Considers Buying Stakes in Banks
bloomberg.com - 10/11/2008
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bloomberg.com —
Paulson Indicates Need to Purchase Bank Equity `Soon
as We Can' By John Brinsley and Rebecca Christie...
Oct. 11 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial ...
(more)
Paulson Indicates Need to Purchase Bank Equity `Soon as ...
bloomberg.com - 10/10/2008
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bloomberg.com —
Paulson Says Will Buy Bank Equity `Soon as
We Can' (Update3) By John Brinsley and Rebecca Christie...
Oct. 10 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity ``as soon as we can'' in banks and other financial ...
(more)
Paulson Says Will Buy Bank Equity `Soon as We Can' ...
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White House Considers Taking Stakes in US Banks
Fund My Mutual Fund —
Well that was quick - we just touched on the UK plan yesterday, and said the US should (will) follow. Better to do it soon than in 6 months. It appears this is what "caused" the sell off in the last 30 minutes yesterday (along with a longer timetable to buy bad debts) as it took the market by surprise. ...
Bank Ownership Could Help Financials, ETFs
Daily Markets —
... No decision has officially been made, but some supporters say injecting capital into the banks could help their balance sheets, reports Martin Crustinger for the Associated Press. The plan is … [ ...
Bank Ownership Could Help Financials, ETFs
ETF Trends —
Federal Reserve, Exchange Traded Funds (ETFs) As markets and exchange traded funds (ETFs) continue another day of see-sawing, the Bush administration says it’s considering an ownership stake in some U.S. banks as another tool to deal with the global credit crisis. No decision has officially been made, but some supporters say injecting capital into the banks could help their balance sheets, reports Martin Crustinger for the Associated Press . The plan is similar to one announced by Britain yesterday. All told, the Federal Reserve estimates that it has pumped $800 billion into ...
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