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Treasury, Bank of America agree on bailout
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10 Huge Bailouts From the Financial Meltdown
By: steph10
The Huffington Post has reported that it has been a little over a year since Congress and former President Bush gave the Treasury Department the authority to distribute hundreds of billions of taxpayer dollars to failing banks, auto manufacturers, and AIG. The Freddie Mac and Fannie Mae bailouts, in the amounts of $50.7 billion and $44.9 billion, ...
about 1 month ago
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Firms are getting billions, yet aren't averting foreclosures
By: BiodunIginla
Sunday, October 4, 2009 by Judith Stein and Biodun Iginla, BBC News. Judith Stein reported from New York City Sun, Oct 4, 12:00 AM
about 1 month ago
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Indonesian Central Bank Official manipulated data to legalize the ...
By: muhammadjusuf
Indonesian Central Bank Official manipulated data to legalize the disbursement of bailout Bank The Indonesian Supreme Audit Agency (BPK) today, November 23, 2009, said that Indonesian Central Bank (BI) had intentionally provided inaccurate data in order to legalize the disbursement of bailout to Bank Century, totalling Rp 6.7 t...
3 days ago
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Bank Of America: Now THEY Are Crying ???
By: instgtr
Bank of America is crying over their 2.2 Billion dollar 3rd Quarter loss... Looks like they forgot about the 7+ Billion dollar GAIN over the 2 prior quarters, where they milked their customers with penalties and fees... Millions of those customers have had it with the bank and are now defaulting on credit cards and mortgages... ...
about 1 month ago
- News Source: Dallas Observer | 10 months agoThe government has extended a new multibillion-dollar lifeline to one of the country's biggest banks as officials continue to struggle with a serious crisis in the financial system. After a marathon negotiating session, the Bush administration agreed...
- News Source: The Mercury News | 10 months agoBank of America reached an agreement late Thursday for an additional $20 billion in support from the government's emergency bailout fund, plus guarantees against losses on up to $118 billion in troubled assets. The agreement was announced...
- News Source: Associated Press | 10 months agoA person close to the discussions says that Bank of America and the Treasury Department are near an agreement that will provide $15 billion to $20 billion in new government support to the banking giant. This source, who spoke on condition of...
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