US to buy stake in banks; first since DepressionThis is a featured page

By JEANNINE AVERSA, AP Economics Writer 1 hour, 1 minute ago
http://news.yahoo.com/s/ap/20081011/ap_on_bi_ge/financial_meltdown

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 still lower around the world despite all efforts to slow the selling stampede.”

“This is a period like none of us has ever seen before," declared Paulson at a rare Friday night news conference.”

Long Realty plans to bust Tucson housing market 'myths'


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