World’s Financial Leaders Vow to Unite

WASHINGTON — President Bush and the world’s financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
While there were no concrete offers of new moves made on Saturday, Mr. Bush pledged anew that his administration was doing [...]

U.S. planning to buy bank stocks

Treasury planning a program to attract private capital alongside public capital to financial institutions.
NEW YORK (CNNMoney.com) — Treasury Secretary Henry Paulson said on Friday that the U.S. government was working on a plan to buy stock in financial institutions by using part of the $700 billion authorized by Congress to stabilize the financial system.
“We are [...]