Wednesday, October 15, 2008

250 billion to banks

U.S. government to give $250 billion to banks
By Greg Robb & Rex Nutting,

Paulson changes mind on plan after market crash last week

…..Only a few weeks ago, Paulson said that giving banks capital would be a sign of failure, but changed his mind after global stock markets crashed and stress in the financial system rose to previously unimaginable levels……

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