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Political Influence Saves Troubled Bank – Case Of Central Pacific Financial

July 1, 2009 By Bill Zielinski Leave a Comment

Troubled Bank Gets US TARP Funds After Senator Intervenes Many US officials at the Treasury and Federal Reserve have criticized Japan’s policy of propping up Zombie banks and therefore prolonging their banking crisis.  The theory was that the weakest banks made the worst lending  decisions and should be allowed to fail instead of being subsidized […]

Filed Under: Failed Banks, problem banks Tagged With: Central Pacific investors bailed out by taxpayers, political influence saves Central Pacific, Senator Inouye gets bailed out

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