General Electric has become the biggest beneficiary of one of the rescue programs originally designed for banks, according to the Washington Post. However, GE has also managed to avoid the restrictions and regulations placed upon the financial institutions by exploiting a loophole in the rescue program, and claiming two small Utah banking institutions qualified it for government (read: taxpayer money) assistance.
Now, President Obama wants to close that loophole and reaffirm the wall between banking and commerce. Hopefully, some of...
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