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Geithner Dumping TARP Bank Shares At Below Market Prices To Make Obama More Appealing To Voters

Wednesday, September 5, 2012 0:50

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First, the banks are bailed out against the wishes of taxpayers and now Geithner is dumping millions of shares at a loss in order to clean up Obama’s bailout image before election day.

Quietly, the Treasury Department is engaged in another bailout of the banks. This time, it’s America’s small banks that are the lucky duckies.

The federal government still holds investments in hundreds of small banks around the country in the Troubled Asset Relief Program, otherwise known as the bailout. In an effort to wind down TARP, the government is trying to sell off its holdings of preferred stock of the remaining smaller banks …. http://dealbook.nytimes.com

2012-09-05 00:40:09

Source: http://luismmx.blogspot.com/2012/09/geithner-dumping-tarp-bank-shares-at.html

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