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Banks may sit out the small business rescue plan
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wtg
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Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct knowledge of industry discussions told Reuters.



https://www.reuters.com/articl...ources-idUSKBN21K075


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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

 
Posts: 38226 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
Doug
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The story is actually already a little bit out of date. The SPA published some clarifying rules yesterday that addressed some of the banks legal issues.

A number of the big banks started taking applications this morning, including folks like Bank of America.
 
Posts: 10346 | Registered: 20 April 2005Reply With QuoteReport This Post
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