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MS CYPRAH

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Member Since: 6/2007Last Seen: 11/27/2009

Insurers Are Getting in Line for Piece of Federal Bailout

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Even as the Treasury began approving capital injections for about 20 regional banks on Friday, including $7.7 billion for a merger between PNC Financial and National City, carmakers pressed for their financing subsidiaries to be eligible for a part of the bailout fund because they provide a major channel of credit to consumers through car and other types of loans.

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