Treasury Shows Us The Money
As promised, the Treasury Department has released its first “Transaction Report” (PDF), a humble spreadsheet showing the government’s investment of $125 billion in nine banks (eight if you count the merging Bank of America and Merrill Lynch as one).
The Treasury has said it will release this sort of report whenever its investments in the banks are “authorized” – in other words, when the money is actually handed over – meaning that it will lag behind banks’ announcements that they’ve been approved for bailout cash. That’s why our running tally should consistently boast more bailout clientele.
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