WASHINGTON — Treasury Secretary Henry Paulson is scheduled to discuss the government's plans to buy shares in key banks during a meeting this afternoon with the CEOs of the nation's top commercial and investment banks.
Today's session, scheduled to start at 3 p.m., is being held in conjunction with the meetings of the top players in international finance being held here this week. The Wall Street Journal broke the story about the session on its Web site.
Purchasing shares of the nation's top banks, which administration officials had dismissed several weeks ago, is yet another attempt to increase liquidity, which has been badly hurt by the world economic crisis.
The CEOs of Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are scheduled to attend the session.
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