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June 10, 2009

10 Firms Cleared to Repay Bailout Loans
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The announcement comes one day after the Treasury Department authorized
ten of the largest bailout recipients to pay back some $68 billion in
taxpayer loans. President Obama made the announcement at the White
House.

President Obama: “Several financial institutions are set to pay back $68
billion to taxpayers. And while we know that we will not escape the
worst financial crisis in decades without some losses to taxpayers, it’s
worth noting that in the first round of repayments from these companies,
the government has actually turned a profit.”



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