The gov gave (or loaned I am not clear on that detail) 45 BILLION dollars in taxpayers TARP money to CitiGroup (C) not to awfully long ago and, look, today the stock is below 5 bucks a share and dropping as the bank appears to be on the verge of breaking up. Hmmmm, so is that what the 700 BILLION bucks in TARP money is supposed to do, disappear into the deep dark recesses of failing banks, maybe never to be seen again?? I understood it was meant to loosen up the lending/credit markets....so when does that part of the deal kick in?? What's really going on here, did the taxpaying public just let 45 BILLION bucks disappear into a toilet? Damn.
hey neighbor!! thanks for dropping in at the mouse!!
ReplyDeleteI just hate when bucks go down the toliet!! life is a crap shoot isn't it?
see you around the cyberhood and who knows maybe elsewhere too????!!