U.S. Considers Cash Injections Into Banks - NYTimes.com

Posted: 10/09/2008 by Floyd in Labels:
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Now this is very interesting and it has me thinking quite a bit;


WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, the White House said on Thursday. Whatever the outcome will be I think we might be in for the long haul on this one as the Dow continues it's free fall I think we might be in for a bumpy ride. Whatever happens concerning this bailout I don't believe will happen overnight, I like most of you did not really agree with this but something had to be done to try and stablize this market, but the fed getting directly involved in banks well I don't know what would happen next?


U.S. Considers Cash Injections Into Banks - NYTimes.com

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