Billions in U.S. Bank Rescue Funds are Fueling Buyouts Worldwide – Instead of Lending at Home
December 05, 2008 at 09:33 AM EST
Bank of American Corp. ( BAC ), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp ., and will hold a 20% stake…