Flushed with cash

Glasser, Laura
December 2008
Long Island Business News (7/1993 to 5/2009);12/26/2008, Vol. 55 Issue 63, p8A
The article reports on the announcement by Flushing Financial Corp. in Long Island, New York that it has received $700 billion bailout in 2008. The bailout plan provides healthy banks with low-interest cash in return for preferred shares. The bank is said to be one of only two institutions participating in the bailout plan in Long Island.


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