Taxpayers benefit from rescue program that helped major firms:
General Electric Capital, Citigroup, Bank of America, JPMorgan Chase, Morgan Stanley and Wells Fargo were among the major institutions that saved billions of dollars on their borrowing costs thanks to a government guarantee on bonds they issued, according to a congressional panel. The committee also said taxpayers had turned a profit on the guarantees so far.
New York Times, The | 11/06
This story published in The Financial Services Roundtable SmartBrief on 11/06/2009
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