View Full Version : U.S. Treasury pays $33.56B to 21 banks as part of rescue program

mick silver
17th November 2008, 17:43
WASHINGTON - The U.S. government says it has supplied $33.56 billion to 21 banks in a second round of payments from the $700 billion rescue program.

The Treasury Department confirmed the second round of government stock purchases designed to bolster the balance sheets of the country's banks to combat the worst financial crisis in more than seven decades.

The new payments follow an initial $125 billion designated for nine of the country's biggest banks.