US taking stake in banks

(02:07) Report

Oct. 14 - The United States will inject $250 billion into US banks as part of effort to stem the financial crisis.

The $250 billion to be invested in U.S. banks will come from a $700-billion financial bailout program originally approved by Congress to buy bad assets that were poisoning bank balance sheets.

Deborah Lutterbeck reports from Washington.

SOUNDBITES:

  • U.S. Treasury Secretary Henry Paulson
  • JD Foster of the Heritage Foundation

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