Relevant:
- Some Banks in Govt’s ‘Healthy Bank’ Bailout Are Struggling
- The Next Big Bailout Decision: Insurers
- The Government Lied When It Said It Only Bailed Out Healthy Banks: 12 of the 13 Big Banks Were Going Bust
- Citigroup, Bank of America Bailouts Will Get a Hard Look
- Banks Aiming to Play Both Sides of Coin
2008-11-30 — buffalonews.com
..., why would a perfectly healthy bank take government bailout money? And why should the government support them?
The answer is complex, but it boils down to the government program being much different than originally envisioned. Rather than aiming at sick banks, it’s now aimed at the healthy ones.
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