White House considers ownership stakes in banks (AP)

Courtesy Ytop stories  Wed, 10/08/2008 - 10:56pm

Treasury Secretary Henry Paulson speaks with reporters during a news conference at the Treasury Department Wednesday, Oct. 8, 2008 in Washington.<br /><br />(AP Photo/Evan Vucci)AP - The Bush administration is considering taking ownership stakes in a number of U.S. banks as one option it might use to deal with a serious credit crisis, an administration official said Wednesday.




 

More related items

White House may let Obama decide part of bailout (AP)
AP - The Bush administration has told top lawmakers it does not plan to use at least half of the $700 billion bailout fund that Congress approved...

World leaders to meet on economy in Washington (AP)
AP - World leaders will meet Nov. 15 in Washington to address the global financial crisis — the first in a series of summits to mitigate what...

US Government takes over mortgage giants (AP)
AP - The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help...

Bank of England announces $100B plan to ease credit crisis (AP)
AP - The Bank of England announced a $100 billion plan to allow banks to swap mortgage-backed securities for Treasury bills.

White House challenges release of visitor logs (AP)
AP - The Bush administration is challenging a court ruling that White House visitor logs are public documents, saying releasing the records would...


 

Post new comment

The content of this field is kept private and will not be shown publicly.