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IPFS News Link • Economy - Economics USA

Banks Weighing Other Uses for Bailout Money

10-22-2008 • Washington Post

Several major US banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for issuing new loans, the primary purpose of the government's $250 billion initiative to invest in banks.

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Reported By Powell Gammill

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1 Comments in Response to Banks Weighing Other Uses for Bailout Money

Comment by Psychictaxi

Entered on: 10/22/2008 11:02:38 AM

THE BULLSHIT METER IS PEGGING IN THE RED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Banks Weighing Other Uses for Bailout Money

1 Comments in Response to Banks Weighing Other Uses for Bailout Money

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