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IPFS News Link • Economy - International

Foreign Banks Hope Bailout Will Be Global

9-22-2008 • NY Times

Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.

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Reported By Powell Gammill

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Foreign Banks Hope Bailout Will Be Global

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