White House ponders converting bailout stakes to common shares

04/20/2009 | NYTimes.com · Bloomberg

Treasury and White House officials said the remaining few billions in the Troubled Asset Relief Program can be stretched further than expected by converting loans to the country's largest banks into common stock. The move would turn the rescue money into available capital for the banks, while giving the government an ownership stake. Critics said the move would be a back door to nationalization.

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NYTimes.com · Bloomberg

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