Bush injects capital to save market
Oct. 14 - U.S. President George W. Bush announces plans for massive capital injections for major banks "to ensure the viability of America's banking system".
In a speech at the White House, Bush outlined unprecedented steps in dealing with the frozen credit markets.
The administration plans to pump $250 billion in new equity, with most of the funds going to the top nine U.S. banks, according to people familiar with the plans.
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