Sunday, January 25, 2009

More Bailout Money coming for the banks

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Sunday the federal government may need to pump more taxpayer funds into the faltering banking system and that taxpayers should receive equity as compensation.

Pelosi told ABC's "This Week" program that "some increased investment" might be needed beyond the $700 billion approved last year under the Troubled Asset Relief Program, or TARP, to stabilize the nation's banks and get them to resume making loans.
http://news.yahoo.com/s/nm/20090125/bs_nm/us_financial_bailout_pelosi_1

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