TV News LIES

Friday, Feb 05th

Last update05:20:13 AM GMT

You are here News Economy U.S. Treasury Said to Invest in Nine Major U.S. Banks

U.S. Treasury Said to Invest in Nine Major U.S. Banks

E-mail Print PDF

The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter said.

The companies are Citigroup Inc., Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley, State Street Corp., and Bank of New York Mellon Corp., the people said. One of the people also said Merrill Lynch & Co. will receive an investment.


The injections represent a new approach for Treasury Secretary Henry Paulson's attempts to prevent a financial market meltdown from sending the U.S. economy into a prolonged recession. He's following similar interventions by European leaders and using broad powers Congress gave him earlier this month to save the country's banking system.

None of banks getting government money was given a choice about it, said one of the people familiar with the plans. All of the banks involved will have to submit to compensation restrictions, said the person. 

TVNL Comment: They are securing their financial takeover of this nation. They are intertwining their control of wealth with your assets so that this crime can not be reversed. They are holding your finances hostage to secure their ownership of this nation and of the world.

More...


Most Recent Related Stories...


The World’s Favorite New Tax Haven Is the United States

US tax haven Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at...

Tax-dodging by superrich driving global inequality, Oxfam says

Oxfam: Super Rich tax dodging cauing global inequalityTax dodging by the super-rich is one of the main drivers of global income inequality and...

SHELL: We'll cut 10,000 jobs

Shell to cut ten thousand jobsShell will cut 10,000 jobs in its merger with BG Group, and sell $30 billion (£21...

Obama unveils wage insurance plan to spur job seekers

Obama insurance planU.S. President on Saturday laid out a plan to help support the income of workers who...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!