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Obama Bringing "Strong Message" to Ailing Banks
by pankaj kumar | January 19, 2009 at 06:12 am
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Option less Obama loking to give another shop
The United States and Britain signaled urgent and more forceful moves to reopen the world's clogged credit arteries and Barack Obama prepared a "strong message" for banks after he takes over the U.S. presidency this week.
Obama's senior adviser David Axelrod said there would be changes in the use of the second half of the $700 billion Troubled Asset Relief Program (TARP) meant to clean out bad assets from the financial system, saying the use of the first half was ineffective and poorly accounted for


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