Germany approves bailout

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<a href="http://www.businessweek.com/ap/financialnews/D93U4V8G0.htm">Business Week</a>

<blockquote>The German Cabinet on Monday approved terms that banks will have to accept in order to benefit from its euro480 billion ($645 billion) bailout plan -- including a salary cap of euro500,000 ($670,200) for top bank managers.</blockquote>


You know what many of the banks are now saying?

<blockquote>Leaders of Germany's largest commercial banks said this weekend that they would not immediately seek money on those terms.</blockquote>
 
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