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U.S. Investing $250 Billion in Banks

Posted by neophyteblogger 1320 days ago, popular 1320 days ago (http://www.nytimes.com)
Category: Economy | Tags: us banks us fdi corp
The Treasury Department, in its boldest move yet, is expected to announce a plan on Tuesday to invest up to $250 billion in banks, according to officials. The United States is also expected to guarantee new debt issued by banks for three years — a measure meant to encourage the banks to resume lending to one another and to customers, officials said.
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