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U.S. Weighs Purchasing Stakes in More Firms
The Wall Street Journal ^ | NOVEMBER 4, 2008 | DEBORAH SOLOMON

Posted on 11/03/2008 9:33:27 PM PST by sloop

WASHINGTON -- The Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success, according to people familiar with the matter.

In focus are companies that provide financing to the broad economy, including bond insurers and specialty finance firms such as General Electric Co.'s GE Capital unit, CIT Group Inc. and others, these people said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS:
it amazes me that we are bailing out these companies and not demanding new management

especially ge - anything associated with msnbc should be allowed fail

1 posted on 11/03/2008 9:33:28 PM PST by sloop
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To: sloop

OMG! Paulson and his pet Goldman Sacs needs to go!


2 posted on 11/03/2008 9:58:06 PM PST by Arizona Carolyn
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To: sloop

The sons-of-bitches are playing the Stock Market with our tax money!


3 posted on 11/03/2008 9:59:30 PM PST by pankot
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To: sloop
I've already decided to hide every dollar I earn.
Eventually the Gov will come after our mattresses when
they need more. *()&@T)^*@$%
4 posted on 11/03/2008 10:02:08 PM PST by MaxMax (I'll welcome death when God calls me. Until then, the fight is on)
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