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Senate Said to Weigh $50 Billion Fund to Wind Down Failed Firms

(bloomberg.com)

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2010-03-11

" Senate negotiators are closing in on a deal to create a $50 billion trust fund from fees on large financial firms that may include Goldman Sachs Group Inc. and Citigroup Inc. and be used to wind down failing institutions, said a Senate aide and two people familiar with the talks."

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