U.S. will buy stock in banks to boost capital (Baltimore Sun)
Story date: 2008-10-11 12:39:35
Added on: 2008-10-11 01:00:17
Treasury makes another effort to steady reeling economy The government will buy an ownership stake in a broad array of U.S. banks for the first time since the Depression, Treasury Secretary Henry M. Paulson Jr. said late yesterday, announcing the historic step after stock markets fell still lower around the world despite all efforts to slow the selling stampede.
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