The US Government, using tax payer dollars, has stepped in a injected $20 billion dollars.
The huge capital infusion follows an earlier one — of $25 billion. So in less than 6 months the Treasury Dept has shoveled $45 billion in the struggling deposit bank. In return for its investment, the US govt. gets an equity stake in the retail bank. Workers in the US auto industry, facing losing their livelihoods must be shocked as they sit by and watch the govt. drag its feet on a much needed bailout of the automotive manufacturers.
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