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Uses for $700 billion bailout money ever shifting - San Francisco Gate

Story date: 2008-10-25 09:50:00
Added on: 2008-10-25 10:38:54


First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would ...


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