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Banks Step Up to Rescue Credit Market

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Banks Step Up to Rescue Credit Market

Banks Step Up to Rescue Credit Market

Banks Step Up to Rescue Credit Market

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  • <iframe src="https://www.npr.org/player/embed/15298794/15298739" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

On Monday, the nation's three largest banks said they would invest up to $80 billion to get the debt market back on its feet. That market came to a screeching halt this summer as part of the credit gridlock that spun out of the subprime mortgage crisis.

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