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online.wsj.com - 2/19/2009
High Stakes for Bank Bailout
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Government capital injections sit like ill-disguised Trojan horses in the nation's largest banks. How long before they are used to take control of certain lenders? Through the Troubled Asset Relief Program, the Bush administration last year plowed more than $200 billion into banks, mostly in ...

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FT Alphaville:  Further reading

Cato @ Liberty:  Toxic TARP: Mr. Geithner’s Takeover Targets

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Further reading
FT Alphaville — ... on Thursday, - “Alpha isn’t just a fantasy for alpha male s like Stanford”. - Sir Allen’s circle of friends , a slideshow. - The Barron’s plan – or how to fix the US economy. - A swagger-deficit hits Goldman-land. - From private jets to JetBlue , how the mighty fall. - Questions for Warren Buffett . - Gold’s inexorable rise. - And War on Greed finds a new enemy in Burger King outrage. - Beware those ill-disguised Trojan horses in the US banking system. - Tarp tabulation : Who, how much and why - so ...

Toxic TARP: Mr. Geithner’s Takeover Targets
Cato @ Liberty — ... A front-page story in the February 23 Wall Street Journal describes a plan to let the government convert its preferred shares in Citigroup to common stock, taking 25-40% ownership. ...

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