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Australia: Senate rejects $4 bln commercial property bailout

Posted on 18 June 2009

From News.com.au: Thousands of jobs have been put on the line, the Rudd Government said yesterday as it attacked the Opposition for defeating its $4 billion bailout fund for the shaky commercial property sector.

Prime Minister Kevin Rudd took the gloves off to go after the Coalition and Greens after they scuttled legislation in the Senate to set up the so-called Ruddbank………Full Article: Source


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