Banks May Pool Billions to Avert Securities Sell-off...
Citigroup, JPMorgan Chase & Co. and Bank of America Corp. are involved in the discussions, according to people familiar with the situation. The three banks declined to comment.
The U.S. Treasury is involved in the discussions, but taxpayer money is not expected to be used.
The Financial Services Authority, the U.K. market regulator, has suggested U.K. banks consider participating in the fund, the Wall Street Journal reported on Saturday, citing a person familiar with the situation.
Banks May Pool Billions...
Started by
Rogerdodger
, Oct 14 2007 12:01 AM
2 replies to this topic
#1
Rogerdodger
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#2
Sentient Being
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Posted 14 October 2007 - 09:14 AM
I feel safer already, the "big boys" are going to save us! 
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
James Quillian
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Posted 14 October 2007 - 10:06 AM
but taxpayer money is not expected to be used.
But promises will be made such as who gets what when Social Security is privatized.
