(Advertisement)

Some see bailout auctions shorting U.S.

Treasury’s acceptance of losses as small banks exit program draws criticism

Posted: December 8, 2012 at 2:55 a.m.

At 9 a.m. on Nov. 30, the Treasury Department began auctioning off its shares in seven community banks scattered across the country. Each of these institutions had taken money from the government in 2009 during the financial crisis.

This story is only available from our archives.

Business, Pages 30 on 12/08/2012

(Advertisement)



« Previous Story

Jobs report pushes Dow higher

The Dow Jones industrial average rose Friday after the government reported that the U.S. added jobs in November. Read »

Next Story »

Russia’s Gazprom starts work on line to Europ...

A worker prepares for a ceremony Friday marking the start of construction of the South Stream pipeline in Anapa, Russia.

After years of delays and negotiations, Russian gas company Gazprom on Friday formally started construction of... Read »