A Quiet Windfall For U.S. Banks

[David Farber <dave () farber net>]

Begin forwarded message:

From: dewayne () warpspeed com (Dewayne Hendricks)
Date: November 10, 2008 7:52:21 AM EST
To: Dewayne-Net Technology List <xyzzy () warpspeed com>
Subject: [Dewayne-Net] A Quiet Windfall For U.S. Banks

[Note:  This item comes from friend Jack Unger.  DLH]

From: Jack Unger <junger () ask-wi com>
Date: November 9, 2008 11:11:04 PM PST
To: Dewayne Hendricks <dewayne () warpspeed com>
Subject: A Quiet Windfall For U.S. Banks

The financial world was fixated on Capitol Hill <http://www.washingtonpost.com/ac2/related/topic/Capitol+Hill?tid=informline 
> as Congress battled over the Bush administration's request for a  
$700 billion bailout of the banking industry. In the midst of this  
late-September drama, the Treasury Department <http://www.washingtonpost.com/ac2/related/topic/U.S.+Department+of+the+Treasury?tid=informline 
> issued a five-sentence notice that attracted almost no public  
attention.

But corporate tax lawyers quickly realized the enormous implications  
of the document: Administration officials had just given American  
banks a windfall of as much as $140 billion...

<http://www.washingtonpost.com/wp-dyn/content/article/2008/11/09/AR2008110902155_pf.html 
>
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