The house of cards has collapsed and they're building a new house of cards using the taxpayers money with every move they make. That too will collapse.
On Monday, the department announced its single-biggest TARP investment—$40 billion in American International Group—which the government said would not come from the $250 billion bank capital program.
The TARP has so far committed the following funding:
AIG [AIG 2.16 -0.12 (-5.26%) ] $40 billion
JPMorgan [JPM 35.98 -0.43 (-1.18%) ] $25 billion
Citigroup [C 10.62 -0.59 (-5.26%) ] $25 billion
Wells Fargo [WFC 28.75 0.13 (+0.45%) ] $25 billion
Bank of America [BAC 18.39 -1.09 (-5.6%) ] $15 billion
Merrill Lynch [MER 14.64 -0.87 (-5.61%) ] $10 billion
Goldman Sachs [GS 73.44 2.23 (+3.13%) ] $10 billion
Morgan Stanley [MS 13.79 -0.79 (-5.42%) ] $10 billion
PNC Financial Services [PNC 63.48 -3.29 (-4.93%) ] $7.7 billion
Bank of New York Mellon [BK 29.48 -0.66 (-2.19%) ] $3 billion
State Street Corp [STT 41.63 0.40 (+0.97%) ] $2 billion
Capital One Financial [COF 31.66 -0.90 (-2.76%) ] $3.55 billion
Fifth Third Bancorp [FITB 9.92 -0.15 (-1.49%) ] $3.45 billion
Regions Financial [RF 10.24 -0.44 (-4.12%) ] $3.5 billion
SunTrust Banks [STI 36.00 -1.53 (-4.08%) ] $3.5 billion
BB&T Corp [BBT 29.72 -1.09 (-3.54%) ] $3.1 billion
KeyCorp [KEY 10.82 -0.08 (-0.73%) ] $2.5 billion
Comerica [CMA 23.06 -0.79 (-3.31%) ] $2.25 billion
Marshall & Ilsley Corp [MI 15.56 -0.22 (-1.39%) ] $1.7 billion
Northern Trust Corp [NTRS 46.44 -4.09 (-8.09%) ] $1.5 billion
Huntington Bancshares [HBAN 8.63 -0.16 (-1.82%) ] $1.4 billion
Zions Bancorp [ZION 37.00 -0.95 (-2.5%) ] $1.4 billion
First Horizon National [FHN 10.46 -0.42 (-3.86%) ] $866 million
City National Corp [CYN 43.67 -1.77 (-3.9%) ] $395 million
Valley National Bancorp [VLY 17.55 -0.22 (-1.24%) ] $330 million
UCBH Holdings Inc [UCBH 4.42 0.12 (+2.79%) ] $298 million
Umpqua Holdings Corp [UMPQ 15.72 0.18 (+1.16%) ] $214 million
Washington Federal [WFSL 15.74 -0.23 (-1.44%) ] $200 million
First Niagara Financial [FNFG 15.48 -0.01 (-0.06%) ] $186 million
HF Financial Corp [HFFC 11.50 -2.00 (-14.81%) ] $25 million
Bank of Commerce [BOCH 5.16 -0.34 (-6.18%) ] $17 million
TOTAL: $203.08 billion
Credit losses from the financial crisis may exceed even dire estimates of $1.4 trillion, or more than 10 percent of U.S. economic output, according to the chief strategist of research firm CreditSights.
nothing good 2 say
Retail sales fall by record amount in October... http://news.yahoo.com/s/ap/economy
my 401 is a 201 ......everything is ok , yea right , how can u forget mission accomplished , stay the course and dont forget when they told u to ducktape up your house for a gas attack ........republicans are lying idiots who have bankrupted the usa. Whats going on! all idiots ....they cant fix nothing everything feeding on itself because u cant trust a liar!CHRISTMAS SEASON WILL BE A BUST
Japan's economy shrinks in 3Q; enters recession-