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October 10, 2008 · 5:10PM

U.S. To Take Equity Stakes In Banks

U.S. Treasury Secretary Henry Paulson confirmed late Friday that the government plans to acquire non-voting, equity stakes in U.S. financial institutions to promote financial market stability. Paulson declined to provide a timetable for the purchases. (Bloomberg)

Categories: Business & Finance Today · Financial Services · Markets, Economic News

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