October 13, 2008
U.S. Will Buy Stock in Banks
There is no announcement on the Department of Treasury's website, but the Wall St. Journal reports the expected news that the government will make direct investments in nine finanicial services institutions through the purchase of preferred shares. WSJ, U.S. Set to Buy Preferred Stock in Nine Top Banks.
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Tracked on Sep 14, 2009 11:22:08 AM