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Ah, the sweet smell of your TARP money being used to batter the US economy senseless. First Bank of America gets $15 billion of TARP funds, and issues $9 billion worth of bonds guaranteed by the FDIC, then it spends $7 billion to buy a big stake in a Chinese bank.

link: (http://firedoglake.com/2008/12/13/bank-of-...)
submitted by: Toodem   Dec 14, 2008
category: News keywords: bank, boa, bank of america, money, bailout
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