http://whatifflorida.com/2008/10/19/government-takes-250-billion-stake-in-banks/ Flat Fee & Low Cost Listing and Real Estate Buyer Services Mon, 14 Jun 2010 12:27:45 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://whatifflorida.com/2008/10/19/government-takes-250-billion-stake-in-banks/comment-page-1/#comment-173 Credit Crunch » Government Takes $250 Billion Stake in Banks Mon, 20 Oct 2008 03:30:14 +0000 http://whatifflorida.com/?p=135#comment-173 [...] :: JonLoh.net :: wrote an interesting post today onHere’s a quick excerpt The U.S. Treasury announced plans today to purchase up to $250 billion in preferred stock from the nation’s top banks. The move is part of a plan that President Bush says will help prevent recession and preserve the free market. “Government owning a stake in any private U.S. company is objectionable to most Americans – me included,” Treasury Secretary Henry Paulson said in a statement. “Yet the alternative of leaving businesses and consumers without access to financing is totally unacceptable. [...] [...] :: JonLoh.net :: wrote an interesting post today onHere’s a quick excerpt The U.S. Treasury announced plans today to purchase up to $250 billion in preferred stock from the nation’s top banks. The move is part of a plan that President Bush says will help prevent recession and preserve the free market. “Government owning a stake in any private U.S. company is objectionable to most Americans – me included,” Treasury Secretary Henry Paulson said in a statement. “Yet the alternative of leaving businesses and consumers without access to financing is totally unacceptable. [...]

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