December 7, 2009
A recent report by the Treasury Department showed the government expecting to regain most of the $370 billion it lent to failing banks since the finical decline, losing only $42 billion. This is supposed to be good news since the initial reports stated the government could lose $100 billion when it started the bailout program.
So [...]
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November 27, 2009
It is little news that the Federal Government has given money to various banks including Bank of America, Wells Fargo and Citigroup. About $142 billion has been paid out to nine banks alone; the above 3 plus PNC, Fifth Third Bancorp, GMAC, KeyCorp, Regions Financial and SunTrust Banks. The Federal Reserve has started to ask [...]
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