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Bank Of America To Repay Bailout Funds

by John Ydstie, NPR
December 3, 2009

Bank of America says it plans to repay the government bailout funds it received during the credit crisis and after it purchased Merrill Lynch & Co. The move would allow Bank of America, which is trying to recruit a new CEO, to free itself from government restrictions on executive pay that come along with bailout funds.

Broadcast Dates

  • Morning Edition, December 3, 2009
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