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Paulson endorses bank stock purchase plan
http://news.yahoo.com/s/ap/20081010/ap_on_bi_ge/meltdown_paulson
By MARTIN CRUTSINGER, AP Economics
Writer 1 hour, 15 minutes ago
WASHINGTON - “Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions.”
“It would mark the first time the government has taken equity ownership in banks in this manner since a similar program was employed during the Great Depression.”
By MARTIN CRUTSINGER, AP Economics
Writer 1 hour, 15 minutes ago
WASHINGTON - “Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions.”
“It would mark the first time the government has taken equity ownership in banks in this manner since a similar program was employed during the Great Depression.”
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