TARP

ShitiBank Appears To Have No Exit Strategy

DEALSCAPE Citigroup Inc. (NYSE:C) apparently doesn’t have an exit strategy to pay back the $45 billion in Troubled Asset Relief Program (TARP) funds the government gave it. Is this really a shocker? Earlier this week, Bank of America Corp. (NYSE:BAC) and Wells Fargo & Co. (NYSE:WFC) both discussed ways to eventually pay back their bailout […]

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Bank of America: When $45 Billion is Really $199.2 billion

Michael Whitney FIREDOGLAKE/ OXDOWN GAZETE Friday April 24, 2009 If you’ve been following the news, you know by now that Bank of America is in debt to the American taxpayer in the amount of $45 billion – the amount of TARP funds (aka “bailout money”) that they received since last year. But it turns out […]

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Government Report: TARP a Complete Clusterf*ck

McClatchy Washington Bureau Wed, Apr. 01, 2009 Watchdogs: Treasury won’t disclose bank bailout details Chris Adams | McClatchy Newspapers WASHINGTON — The massive programs designed to rescue the nation’s financial sector are operating without adequate oversight, with vague goals and limited disclosure of their details to the taxpayers who are paying for them, government watchdogs […]

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