Monday, October 27, 2008

More banks join the TARP

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102303946.html
Wonder why the safe Zion bank had to join, maybe there is something going on they forgot to mention?

But progress remains halting. The Treasury has yet to give federal money to the first nine banks because of continued legal wrangling over the details of the investment agreements.

Of greater interest is the fact the first nine still do not have the money. Would a banker risk BK instead of taking the money? Hmm....

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