October 10th, 2008 at 8:38 pm
US to take stake in banks, first since Depression (AP)
Posted in: le Chat Marchet
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AP - The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.
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This entry was posted on Friday, October 10th, 2008 at 8:38 pm and is filed under le Chat Marchet.
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