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Washington plans to pump 125 billion dollars in nine banks

American Treasury Department disclosed its intention to pump 125 billion U.S. dollars of capital in the nine largest U.S. banks as part of a plan requires pumping 250 billion dollars.


The steps of this stage in the implementation of financial rescue plan approved by U.S. authorities at 700 billion dollars in order to restore confidence in the credit markets and reduce the chaos that hit the global financial system following the financial crisis.

the relevant authorities in the ministry announce details of the plan revealed Monday to allow the institution of the Federal Deposit Insurance outstanding debt issued by banks and lending institutions for a period of three years.



It is expected to allow the lifting of the institution within the insurance of bank accounts that do not bear interest.

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