Henry Paulson

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ABA: Money Market Bailout Could Compromise Bank Deposits 

Sep 19, 2008By

Citing “deep concerns” about the Treasury’s program to guarantee money market mutual funds, American Bankers Association president Edward Yingling said that the bailout of money markets “will undermine the role of banks during this current crisis and has the potential to have an extremely negative impact in the future.”

3d rendering of a row of luxury townhouses along a street

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