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IPFS News Link • Economy - Economics USA

Banks Weighing Other Uses for Bailout Money

• 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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Comment by Psychictaxi
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THE BULLSHIT METER IS PEGGING IN THE RED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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