110 Banks Have Asked for $220B Under Bailout Plan

Friday, November 14, 2008 | 08:01 PM

Brace yourself:

At least 110 banks have requested about $220 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline.

The figures, from banks' own statements and analyst reports, indicate the requests are closing in on the $250 billion the Treasury set aside from the $700 billion fund to purchase stock in banks.

continued here

Friday, November 14, 2008 | 08:01 PM | Permalink
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