Paulson endorses bank stock purchase plan - WSFA.com Montgomery Alabama news.

Paulson endorses bank stock purchase plan

WASHINGTON (AP) - Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions.

Paulson said Friday the program to purchase stock in financial institutions will be open to a broad array of institutions.

The administration received authority to make direct purchases of stock in banks in the $700 billion financial rescue bill Congress passed last week.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Congressional leaders to review information on Russia probe

    Congressional leaders to review information on Russia probe

    Tuesday, May 22 2018 12:12 AM EDT2018-05-22 04:12:21 GMT
    Tuesday, May 22 2018 11:53 AM EDT2018-05-22 15:53:37 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this Thursday, May 17, 2018, file photo, U.S. President Donald Trump speaks during a meeting in the Cabinet Room of the White House, in Washington. Trump said he will "demand" that the Justice Department open ...(AP Photo/Carolyn Kaster, File). FILE - In this Thursday, May 17, 2018, file photo, U.S. President Donald Trump speaks during a meeting in the Cabinet Room of the White House, in Washington. Trump said he will "demand" that the Justice Department open ...

    The agreement came after President Donald Trump made an extraordinary demand that the Justice Department investigate whether the FBI infiltrated his presidential campaign.

    More >>

    The agreement came after President Donald Trump made an extraordinary demand that the Justice Department investigate whether the FBI infiltrated his presidential campaign.

    More >>
  • The princes, the president and the fortune seekers

    The princes, the president and the fortune seekers

    Tuesday, May 22 2018 12:13 AM EDT2018-05-22 04:13:57 GMT
    Tuesday, May 22 2018 11:46 AM EDT2018-05-22 15:46:49 GMT
    (AP Photo/Evan Vucci, File). FILE - In this May 20, 2017, file photo, President Donald Trump shakes hands with Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman in Riyadh. In emails obtained by The Associated Press, George Nader claims...(AP Photo/Evan Vucci, File). FILE - In this May 20, 2017, file photo, President Donald Trump shakes hands with Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman in Riyadh. In emails obtained by The Associated Press, George Nader claims...

    A top Trump fundraiser and a senior adviser to a UAE crown prince ran a secretive campaign, trading lobbying against Qatar for defense contracts from Gulf countries.

    More >>

    A top Trump fundraiser and a senior adviser to a UAE crown prince ran a secretive campaign, trading lobbying against Qatar for defense contracts from Gulf countries.

    More >>
  • breaking

    Explosive eruptions continue to produce plumes of ash at Kilauea's summit crater

    Explosive eruptions continue to produce plumes of ash at Kilauea's summit crater

    Tuesday, May 22 2018 11:46 AM EDT2018-05-22 15:46:46 GMT

    Authorities are again warning residents in the Big Island's Ka'u district to be prepared for ashfall and potentially "hazardous air quality" through the day.

    More >>

    Authorities are again warning residents in the Big Island's Ka'u district to be prepared for ashfall and potentially "hazardous air quality" through the day.

    More >>
Powered by Frankly