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| Permalink View Article Stats Bailout Is a Windfall to Banks, if Not to Borrowers Quicklink submitted by John Lorenz (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Most banks that received bailout money are using it to pay down debt or to make investments, not lending. a Congressional oversight panel reported on Jan. 9 that it found no evidence the bailout program had been used to prevent foreclosures, raising questions about whether the Treasury has complied with the law's requirement that it develop a 'plan that seeks to maximize assistance for homeowners.' |
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