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U.S. Considers a U.K.-Style Bailout

Posted on October 10, 2008

In well duh news, recent comments by Treasury Secretary Henry Paulson suggests that the U.S. is considering implementing a bank recapitalization that is very similar to the British one, namely the exchange of cash infusions for preferred shares: (From the FT): The US could soon follow the UK down the path of using public money to recapitalise weakened financial institutions in return for preference shares....

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