In an effort to thaw out the frozen credit market, the government put $250 billion dollars from the $700 billion dollar bailout plan in nine of the country's largest banks.

All nine of the country's largest banks will take part in the plan, with Bank of America, Citigroup, JP Morgan Chase and Wells Fargo receiving $25 billion dollars each.

Economist and UNL Associate Dean of College of Business Administration John Anderson watched a part of history unfold.

"In modern history this is quite an unprecedented situation where the government is actually going to buy equity stakes," said Anderson.

Even though Anderson says this move may have been a necessary one, he says it is not an ideal situation.

"I would prefer that the government not have to do this, I would rather see government set the boundaries within which financial markets can operate freely without interference from the government," said Anderson.

During his address earlier Tuesday, President Bush eased those concerns.

"These measures are not intended to take over the free market, but to preserve it," said Mr. Bush.

According to George Beattie, President of Nebraska's Bankers Association says it is too early to tell how this would effect Nebraska banks.

"I'm not sure it will have an immediate effect on Nebraska banks, were very fortunate that we live in Nebraska, we have a relatively strong economy in spite of what's going on around the world, and what we hear on television these days," said Beattie.

However on a national scale, Beattie says the decision may help reclaim something which was lost during the financial crisis.

"Obviously there is a problem with confidence between banks, confidence from the consumer's prospective regarding banks in the country, and this is a very dramatic move to restore confidence in the financial systems here in the United States," said Beattie.