It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. such a move would quickly strengthen banks' balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownwership positiosn in banks, including healthy ones.
The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street.