US Plans Recapitalization Plan For Financial Firms
11 Oct, 2008 | Written by
clipmonkey | under
Treasury
US Plans Recapitalization Plan For Financial Firms |
As the financial crisis threatens to spiral out of control, U.S. Treasury Secretary Henry Paulson is taking extraordinary steps through the extensive authority granted to him under emergency rescue legislation. |
US Plans Recapitalization Plan For Financial Firms |
As the financial crisis threatens to spiral out of control, U.S. Treasury Secretary Henry Paulson is taking extraordinary steps through the extensive authority granted to him under emergency rescue legislation. |
 | CNBC.com Henry Paulson
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With the legislation’s main mechanism—an auction system to purchase bad mortgage-based securities—still weeks away from implementation, Paulson now plans to make big capital injections into large financial institutions and get equity in return. |
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admin | October 13th, 2008 at 8:58 pm #
Great