Real estate blog entries tagged with troubled asset relief program by PRC Funding Minnesota Mortgage Broker

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Home : Blogs : Jeremy Redlinger : Mortgage : Tag "troubled asset relief program"

troubled asset relief program: Troubled Asset Relief Program Bails Out Over 100 Institutions - 12/17/08 05:12 PM

The Troubled Asset Relief Program (TARP) has surpassed the 100 bank and institution bailout point totaling $167,756,852,000 in taxpayer money under the Capital Purchase Program according to the December 16th, 2008 Transaction Report by the Treasury.
The first bailout recorded on the Capital Purchase Program was on October 28, 2008 for a total of $15,000,000,000 awarded to Bank of America. On that same day Citigroup, JP Morgan Chase and Wells Fargo have recorded the largest single transaction of $25,000,000,000. Since then the Treasury has eased its spending somewhat with the largest single transaction for the month of December in the amount … (0 comments)

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