Wednesday, December 17, 2008

Bailout Passes 200 Mark - ProPublica

"MidSouth, a Louisiana bank, will 'win' a $20 million investment on favorable terms. So far, 205 financial institutions have gotten a piece of TARP, the $700 billion bailout bill, according to ProPublica’s running tally. Money has been doled out across the country, from Hawaii to Maine to Puerto Rico. As always, you can see where the banks are on our map.

The biggest participant so far is Citigroup ($45 billion), the smallest Saigon National Bank, a regional bank in California ($1.2 million). The average investment is $1.2 billion, but the vast majority of banks have gotten much less – the median investment is $50 million. $246.95 billion total has been tagged for investment."

Go ahead, click and see Banco Popular of Puerto Rico getting its filthy hands on $0.935 billion. That's 935 million dollars. You wanna guess how much of that has been loaned to customers to help revitalize the local economy?

hahahahahazilch

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