TITLE

Equity Stake Plan Puts the Treasury In a Tough Spot

AUTHOR(S)
Hopkins, Cheyenne; Kaper, Stacy
PUB. DATE
October 2008
SOURCE
American Banker;10/10/2008, Vol. 173 Issue 197, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Treasury Department is considering buying ownership positions in U.S. banks to help them survive the 2008 economic crisis. Laurence Platt, a financial analyst at K&L Gates, said many investors will be afraid to buy stocks in banks that are partially owned by the government, but if the government doesn't invest, the banks may fail.
ACCESSION #
34760239

 

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