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Monday, April 20, 2009

Once again, nationalization on the table ( $C $BAC $JPM )

The NY Times reports:

In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the government’s existing loans to the nation’s 19 biggest banks into common stock.

More here.

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