Treasury Provides $80.7M To 10 Banks From Bailout

The former Bush administration set a target of using $250 billion of the first $350 billion in bailout support to purchase stock as a way of bolstering their capital reserves so that they would resume more normal lending.

However, many banking experts believe that the banking crisis, the worst in seven decades, will not be resolved until the toxic assets are removed from banks' books, allowing them to boost lending and also attract more investment capital.