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U.S. May Convert Banks? Bailouts to Equity Share (New York Times)
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U.S. May Convert Bank Bailouts to Equity Share (New York Times)The Obama administration says the approach will allow it to shore up the nation?s banking system without seeking more money from Congress.
The Obama administration may let more large, troubled banks suspend interest payments on federal aid, allowing firms to rebuild their capital reserves more quickly and thereby limiting the amount of any additional federal aid that may be needed.More Rescued Banks Might Suspend Interest Payments (Washington Post)
U.S. may convert bank bailouts to equity share (San Jose Mercury News)WASHINGTON — President Barack Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, administration officials said.
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