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Archive Home > 2009 > October > 28 > Bill would shift the cost of bailouts to large firms

Bill would shift the cost of bailouts to large firms

Financial industry, not taxpayers, would bear burden

By Stephen Labaton / The Bulletin
October 28, 2009

WASHINGTON — The Obama administration and the head of an important House committee unveiled legislation on Tuesday to give the government broad new powers to shift the cost of rescues of big, troubled financial institutions from taxpayers to other large companies.

The legislation, drafted....

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