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fannie mae and freddie mac in strife, page-65

  1. 7,728 Posts.
    Tilerman, I don't think you can call the CBA buyout of the State Bank of Victoria a taxpayer-funded bailout.

    The CBA smacked its chops at that one, taking over the BIGGEST housing mortgage network in Australia, all those accounts, then saving even more by shutting down State Bank branches and congesting customers into long queues.

    No doubting who the winner was in that little number, thanks to Tricontinental backing the wrong horses.

 
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