US Bailout Package: Billions Used For Buyout Deals, Not To Increase Loans
Posted on October 30, 2008 at 08:08 AM EDT
While the U.S. government’s plan to invest $250 billion into U.S. financial institutions has been billed as a strategy that will bolster the health of the banking system and also jump-start lending, the recapitalization plan is likely to have a secondary effect - one that whipsawed U.S. taxpayers likely won’t be ...
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