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More $$$ For More Banks
November 17, 2008 5:34 PM
Just in from our Business Unit:
Nearly three weeks after the first official announcement of the 9 banks that received $125 billion in exchange for stock purchases through the $700 billion "TARP," the Treasury Department this afternoon has announced that 21 more banks -– mostly large regional institutions -- have received more than $33.6 billion.
To name a few:
SunTrust received $3.5 billion;
BB&T -- $3.1 billion;
U.S. Bancorp -- $6.6 billion.
Officially, that means the government has now released $159 billion to the nation's banks.
Here's the Treasury's complete list.
November 17, 2008 in Economy | Permalink | Share | User Comments (4)
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Screw the banks, they take the cream off the top give nothing back to the people....Loan to the autos they pay it back with interest.This deal is NOT a bail out it is a loan...Love how they make it sound so bad.....
Posted by: NH voter | Nov 17, 2008 6:41:49 PM
I've always been a Rep. I agree with Rep. morality as stated, not necessarily as acted upon. I couldn't get any one to tell me why not bail out the people. Not the cursed greedy, back stabbing banks, LIKE BANK OF AMERICA (America my ass), their one of the most greediest scumbags orgs. of the world. Then, I was actually told if we give the money to the people we would be communist. What the hell is that all about?
Posted by: Jim | Nov 18, 2008 9:33:01 AM
Who's money do you think is in the banks? - people like us - Right?
Posted by: just saying | Nov 18, 2008 9:46:36 AM
It is all just another lie to and a manipulation of the American people. They will not lend money they will hoard it and give themselves nice cushy salaries and lives while the rest of get to keep paying for it while we get kicked to the curb. Where does it end?
Posted by: bckrd1 | Nov 18, 2008 4:33:03 PM
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