Thursday, October 23, 2008

Banco Popular may ask for US$300mn-900mn from treasury's TARP program, Banking, Puerto Rico news

BusinessNewsAmericas.com

Really? Really? The central bank of Puerto Rico, the single largest local obstacle to Our economic growth, is going to ask for money, despite practically owning the markets for mortgages, credit cards, personal loans, car loans and construction loans?

Or maybe that's why they need the cash injection at taxpayer expense...

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