ST Alpha - "most of the bailout money for the big banks was not loans, the US Gov purchased preferred stock, and " (Reading a Post)

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most of the bailout money for the big banks was not loans, the US Gov purchased preferred stock, and

Posted by tRuMaN (aka Truman) Jan 30 '09, 08:49

is in first position (in most cases) for repayment, even before dividends are to be paid.

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