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A Bailed-Out Bank Now Tests Treasury's Willingness To Step In [WSJ]

Monday, June 7, 2010 - 7:39 AM
From the Wall Street Journal:
Saigon National is so far the only government-aid recipient to have missed six dividend payments, which triggers the Treasury's right to appoint two directors to a bank's board. A dozen others are close, but it isn't clear whether the Treasury will exercise its right to appoint directors at the institutions.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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