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IPFS News Link • Bailouts

Breaking the Bank (Chart)

08-14-2009 • Financial Services Technology

In October last year, 9 banks received a grand total of $125 billion in taxpayer money as part of the much publicized Troubled Asset Relief Program (TARP). The aim of the payout being to aid in the banks' survival as they tried to ride out the pressures of the economic crisis.

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Reported By Powell Gammill

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