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2010-09-25 — wsj.com
``Friday's moves include the seizure of three wholesale credit unions, plus an unusual plan by government officials to manage $50 billion of troubled assets inherited from failed institutions. To help fund the rescue, the National Credit Union Administration plans to issue $30 billion to $35 billion in government-guaranteed bonds, backed by the shaky mortgage-related assets.''
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StephenF at 22:01 2010-09-25 said:Forgive me for my naivete, but some Guys this board promote Credit Unions with a sense of infallibility. I am shaken by this news...My god what is next??? Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |