The United States is considering guaranteeing billions of dollars in bank debt and temporarily insuring all US bank deposits, two dramatic steps to repair ailing financial markets, it was reported today.
If the two moves come to fruition they would mark the government's most extensive intervention yet in the financial system, as officials ponder increasingly far-reaching measures to stem the sprawling crisis, the report in the
Wall Street Journal said.
Top economic officials from the Group of Seven leading industrial nations will meet today in Washington where they intend to discuss a proposal from the UK government to bolster bank lending, the
WSJsaid.