Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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9:52 AM EST

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From: tejek	6/17/2009 1:53:52 PM
	1 Recommendation of 1428

Goldman Sachs repays government investment (AP:NEW YORK) Goldman Sachs Group says it has fully repaid the $10 billion it received last fall as part of the government's $700 billion bank bailout program. Goldman received the money as part of the Treasury Department's program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis. JPMorgan Chase, Morgan Stanley, U.S. Bancorp and BB&T have also said Wednesday they have repaid government investments as part of the program. Last week, the government granted 10 of the country's largest banks approval to pay back a total of $68 billion in funding from TARP. Wednesday was the first day those banks were eligible to repay the loans. news.ino.com

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