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: SECLaw.com

TARP Payback Widens Losses At BofA

By Mark H. Astarita, Esq.

Bank of America lost $5.2 billion over the last three months of 2009. Things aren't going so well over there. Losing 5 BILLION dollars in three months is quite an accomplishment. Howeve, $4 billion of that was in charges related to its repayment of $45 billion in TARP loans. At least the taxpayers recouped 45 billion dollars. More>>>Has anyone seen a summary of what was loaned under TARP, what has been paid back, and what the American people are out of pocket to date?

Full post as published by SECLaw.com on January 20, 2010 (boomark / email).

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