Bailout Helps Banks Buy Other Banks
http://www.nytimes.com/2008/10/25/business/25nocera.html?... ![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png){kind=icon}
A NY Times reporter got access to an employees-only JP Morgan conference call, and heard an executive admit that government bailout money would be used to buy other banks, rather than to make more loans. What happened, Neel? I feel so betrayed.
