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Dodd Moves to Lend FDIC $500B

By Kevin Spak,  Newser Staff

Posted Mar 6, 2009 8:23 AM CST

(Newser) – Senate Banking Chairman Chris Dodd has introduced a bill to allow the FDIC to borrow up to $500 billion from the Treasury Department, the Wall Street Journal reports. It’s the latest attempt to bolster the fund that insures consumer deposits, which has been ravaged...   Read full story »

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