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Charles Piller of The Sacramento Bee reports that billionaire Warren Buffett's Berkshire Hathaway "owns more than $13 billion of stock in the top recipients of TARP funds – including Goldman Sachs Group Inc., US Bancorp, American Express Co. and Bank of America Corp., all considered by analysts to be in deep trouble before the federal infusion." Overall, the story notes, "just 28 companies received more than 90 percent of the funds so far disbursed to financial firms by the $700 billion Troubled Asset Relief Program, or TARP."
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