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Giannoulias: Banks Won't Hoard State Money

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Illinois Treasurer Alexi Giannoulias announced a plan today to inject an extra billion dollars into the state’s financial institutions. Giannoulias says he hopes the cash injection will help ease the credit crunch.

In a conversation heard here, Giannoulias is confident banks will loan that money to families and businesses. he also explains the difference between this plan, and one announced earlier this week by the federal government.

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