Thursday, October 9, 2008

U.S. may take stakes in banks

Henry Paulson, U.S. treasury secretary, pauses during a news conference on Wednesday.
(Evan Vucci/The Associate Press)

Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

The American recapitalization plan - Nationalization by any other name...

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