The article discusses the 35 Billion dollar package given to SunTrust and Capital One by the U.S. Treasury in their two part plan to cure the frozen credit markets. Treasury Secretary Henry Paulson is giving out cash to recapitalize struggling lenders and jump-start takeovers in an industry suffering from the worst housing crisis since the Great Depression. SunTrust, Capital One, KeyCorp and PNC are among regional lenders that have agreed to take cash so far by selling preferred shares to the U.S.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBUai2jr11BM&refer=home
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