economics economy markets region north america

Treasury Department tries to restore hope in the economy

By John Hockenberry, Adaora Udoji, Jesse Baker

Thursday, October 9 2008

After passing the bailout bill, the U.S. Treasury has infused cash into the banks across the country in hopes to convince them to resume lending money. But does it give them the right to take ownership of banks that are still thriving?

Guest: Mark Landler, New York Times international economics correspondent, wrote today about the Treasury Department's announcement if could take a stake in U.S. banks.
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