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Treasury Secy Says Banks Interested in Bailout
The US Treasury Secretary announced on Monday that the federal proposal to invest $250 billion in financial institutions had evoked “interest from a broad group of banks of all sizes”. Speaking at a Treasury Department news briefing, Henry Paulson Jr declared that the federal move to invest in banks had drawn a wide response from... »
US Treasury to Invest in Nine Biggest Banks
The United States Treasury is set to invest around $125 billion in nine of the country’s biggest banks as part of a series of measure intended to shore up investor confidence in the American financial system. The Bush administration has directed the Treasury to acquire preferred shares in exchange of the cash injection into nine... »
