U.S. and the Banking Business Story aired: Tuesday, October 14, 2008
President Bush today announced plans to spend $250-billion to directly buy shares in the nation's largest financial institutions.
The money comes from the recently passed $700-billion financial rescue package, and the government is expected to eventually expand the program to buy equity in thousands of US banks. The President says the new plan will thaw out credit that has been frozen since the financial crisis began.
Damian Paletta of the Wall Street Journal joins us with more ...
Guests:
Damian Paletta of the Wall Street Journal
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