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« Worst Paragraph of the Day | Main | Belt Tightening: Wall Street’s Version » November 16, 2008 Buy a Bank for $10 Million, Get $3.4 Billion from the FedsHartford Financial Services Group Inc. said it’s buying a Florida bank for $10 million so the insurer can be eligible for the Treasury rescue program. Hartford, based in the Connecticut city of the same name, expects to qualify for $1.1 billion to $3.4 billion under Treasury guidelines, the company said in a statement distributed today by Business Wire. Posted by edelfenbein at November 16, 2008 9:39 PM |
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