Posts Tagged ‘Department’

Bank Bailout Money Being Used for Mergers

Saturday, November 22, 2008 23:01 1 Comment

With newfound bailout money in their wallets, big banks have been rushing to gobble up smaller ones. At the center of these mergers is the Treasury Department, led by Goldman Sachs alums Henry Paulson and Neel Kashkari. While neglecting struggling homeowners they have created major incentives for widespread bank consolidation, which could lead to a [...]

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