Warren

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 […]

More

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 […]

More

Where’d The Bailout Money Go? Shhhh, It’s a Secret

WASHINGTON (AP) Dec 22 By MATT APUZZO– It’s something any bank would demand to know before handing out a loan: Where’s the money going? But after receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they can’t track exactly how they’re spending the money or they simply refuse to discuss it. “We’ve […]

More