At the height of the global fi nancial crisis in October 2008, the U.S. Treasury forced nine

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At the height of the global fi nancial crisis in October 2008, the U.S. Treasury forced nine of the largest U.S.

banks to accept capital injections in exchange for nonvoting ownership stock, even though some of the banks did not need the capital and did not want to participate. What could the rationale have been for doing this?

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