US govt may become bank shareholder: report
Mon, 20 Apr 2009 14:55:11 -0700
US govt may become bank shareholder: report By converting loans into stock, it would not have to seek more bailout money (WASHINGTON) US President Barack Obama’s economic advisers have determined that they can shore up top US banks without asking Congress for more money by converting loans into stock, The New York Times reported yesterday. Mr Emanuel: Asserts that the government has enough money to shore up the 19 banks without asking Congress for more bailout funds Citing unnamed adminis
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