WASHINGTON AP – The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in a broad number of banks to help thaw frozen lending and get the economy moving again.
The administration announced the selection of a team of interim managers, picked an outside firm to help run the program and tapped Federal Reserve Chairman Ben Bernanke to head the oversight board guarding against conflicts of interest.
