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Takeover of Banks Inevitable?
Posted on February 22nd, 2009 No commentsThere is precedent for the U.S. government temporarily nationalizing key industries in times of national emergency. Two such interventions, the Reconstruction Finance Corp. in the 1930s and Continental Illinois Bank and Trust in 1984, involved the financial sector. But bank nationalizations abroad have been mostly unsuccessful, and as the months go by without apparent progress in solving the financial crisis, the specter of Japan’s lost decade of the 1990s grows more ominous, writes columnist Tom Saler in the Milwaukee Journal Sentinel.
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Fiserv Rebranding Unveiled
Posted on February 22nd, 2009 No commentsBrookfield-based Fiserv Inc. has introduced a new orange logo and a renaming of some of its business units as part of a corporate rebranding initiative for the $4.7 billion company, according to the Milwaukee Journal Sentinel.