TITLE

Will Government Give up Ownership in the Banks?

AUTHOR(S)
Jeffrey, Terence P.
PUB. DATE
November 2008
SOURCE
Human Events;11/3/2008, Vol. 64 Issue 38, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The author considers the potential unintended consequences of the action being taken by the U.S. government to purchase $250 billion worth of shares in U.S. banks. One possibility he cited is that government holds the banks indefinitely. He explains that the language controlling what the government must do with the troubled assets once it owns them offers great flexibility to the Treasury secretary. He says the bailout plan drawn up by the Treasury sees the government selling the stock back to the banks.
ACCESSION #
35138355

 

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