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Bailouts Round II

The Meltdown

Bank of America gets $20 billion; will we nationalize Citi?

Hours after the Senate released the second half of the TARP funds yesterday, Bank of America had a second helping, receiving a $20 billion infusion and a government guarantee on $118 billion of potential losses.

This won't last long. One year of fearless reporting for only $35 $25.

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