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Officials push bank stock purchases amid crisis
Treasury Secretary Henry Paulson urged against protectionism as lawmakers push direct bank stock purchases to unlock lending. Democrats back a $150 billion relief plan with jobless benefits and tax cuts, while the Fed approves Wachovia’s $12.2 billion sale to Wells Fargo.
MENTIONED IN THIS ARTICLE
Paulson
Washington, D.C
Treasury
Henry Paulson
U.S
Chuck Schumer
Joint Economic Committee
Schumer
D-N.y
Nancy Pelosi
Capitol Hill
Barney Frank
Massachusetts
House Financial Services Committee
Roy Blunt
Missouri
House
Federal Reserve
Wachovia Corp
Wells Fargo & Co
Wachovia
Fed
International Monetary Fund
World Bank
United States
Agustin Carstens
IMF
Robert Zoellick
Paris