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FDIC to Insure New Bank Debt, as Bailout Net Widens 

Oct 14, 2008By

President Bush said Tuesday the Federal Deposit Insurance Corporation will temporarily insure new bank debts and non-interest-bearing deposits as part of an increasingly expanding plan to bolster the ailing U.S. banking system. The move is the latest attempt by regulators and administration officials to get money to flow more freely between banks.

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