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Reuters: U.S. to buy bank stakes; markets soar

Started by chris, October 14, 2008, 03:59:23 AM

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chris

U.S. to buy bank stakes; markets soar
      


NEW YORK (Reuters) - The U.S. government agreed on Monday to take $25 billion stakes in several big banks in a bid to shore up the banking system and arrest the financial crisis, sources familiar with the situation said.
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