Tuesday, October 21, 2008
Your bank bought with your tax dollars
But don't go thinking you deserve any of the profit from such a deal.
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.Such a deal, indeed!
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