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Reuters: Treasury to unveil $250 billion equity plan

Started by chris, October 14, 2008, 02:59:23 AM

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chris

Treasury to unveil $250 billion equity plan
      


WASHINGTON (Reuters) - The Treasury Department intends to unveil on Tuesday a $250 billion plan to purchase equity stakes in financial institutions along with a three-year guarantee of bank-to-bank lending, according to a financial policy source familiar with the plan.
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