U.s. May Convert Bank Bailout To Equity Share: Report

WASHINGTON (Reuters) - Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported on Sunday.

Sections:  news   u.s.   politics   
Topics:  bailouts   bank bailout   banks   barack obama   congress   equity shares   stocks   
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