11/13/2008 05:12 am ET | Updated May 25, 2011

Bank Executives Agree To Accept Taxpayer Investments

Executives at nine of the nations largest banks have agreed to accept direct investments of taxpayer dollars, launching a plan that could ultimately give the government an ownership stake in a broad range of financial institutions, according to senior executives in the banking industry.

The Treasury Department is planning to spend up to $250 billion on ownership stakes under the rescue package that was approved by Congress and signed into law earlier this month, sources familiar with the matter said today.

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