Paulson Outlines Recapitalization For Banks, Thrifts

WASHINGTON - Treasury Secretary Henry Paulson on Monday outlined the process for banks and thrifts to request capital from the government. In a brief press conference, Paulson emphasized that all banks may apply, and that the $125 billion program "is not being implemented on a first-come-first-served basis. Sufficient capital has been allocated so that all qualifying banks can participate," he said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.