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Paulson Endorses Bank Stock Purchase Plan
posted 5:46 pm Fri October 10, 2008
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Washington, DC - Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions.
Paulson said Friday the program to purchase stock in financial institutions will be open to a broad array of institutions.
The administration received authority to make direct purchases of stock in banks in the $700 billion financial rescue bill Congress passed last week.
Paulson said Friday the program to purchase stock in financial institutions will be open to a broad array of institutions.
The administration received authority to make direct purchases of stock in banks in the $700 billion financial rescue bill Congress passed last week.
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