2009-01-02 — ml-implode.com
"Treasury issued a report today articulating the “guidelines†for its “Targeted Investment Program,†the program under which taxpayers bailed out guaranteed $306 billion worth of Citigroup’s toxic assets in late November. Why do you care? Because this program will likely be used to offer similar “guarantees†when Bank of America, Chase, Wells Fargo, Goldman and Morgan Stanley show up hat-in-hand on taxpayers’ doorsteps…"
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