Bush: US will put capital into banks via equity stakes

"This is an essential short-term measure to ensure the viability of America's banking system," he said after meeting with his top economic advisers, adding that the new capital would encourage banks lending again, which would spur job creation and economic growth."The program is carefully designed to encourage banks to buy these shares back from the government when the markets stabilize and they can raise capital from private investors," Bush said.He insisted the government's steps would be "limited and temporary" and not designed to take over the free market.

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