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Reuters: "Bad bank" idea heats up, financial shares soar

Started by chris, January 29, 2009, 12:59:12 AM

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chris

"Bad bank" idea heats up, financial shares soar
      


WASHINGTON (Reuters) - The Obama administration is increasingly focused on the possible creation of a "bad bank" that would let U.S. financial institutions move toxic assets off their books, an idea that cheered Wall Street and helped drive financial shares higher on Wednesday.<div class="feedflare">
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