The US government is planning to buy $250bn shares in leading banks so that they can continue to make loans. President Bush has taken this measures as a temporary plan to help protect the free market. For now, nine banks are participating in the plan, including top Wall Street banks. The US government has already had a lot of positive response from people in leading positions as well as from the stock market, where shares opened sharply higher.
Jasmine De Coninck
http://www.guardian.co.uk/business/2008/oct/14/us-banks-bailout-bush
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OK! Clear and coherent!
Details:
in shares of leading banks
this measure (singular)
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