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Financial Firms Plan to Repay Bailouts

May 19, 2009 – 5:21 pm – No Comment

Financial Firms Plan to Repay Bailouts

Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay their shares of $20 billion combined bailout funds out of the $700 billion made available last year to ailing financial corporations. Goldman Sachs, Morgan Stanley, and JPMorgan Chase & Co. …

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