Major misallocation of TARP money? - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**brorialsibers** · 02-18-2009, 12:54 PM

Four large holding companies — JP Morgan, Citigroup, Bank of America and Wells Fargo — initially received a total of $90 billion in TARP money in the fall, but by the end of 2008 they had contributed less than $15 billion in equity capital to their subsidiary banks. Pretty disgusting. That's my money, dammit.

02-18-2009, 12:54 PM	#1
brorialsibers Join Date Oct 2005 Posts 396 Senior Member	Major misallocation of TARP money? Four large holding companies — JP Morgan, Citigroup, Bank of America and Wells Fargo — initially received a total of $90 billion in TARP money in the fall, but by the end of 2008 they had contributed less than $15 billion in equity capital to their subsidiary banks. Pretty disgusting. That's my money, dammit. Share Share this post on Digg Del.icio.us Technorati Twitter
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