How American Taxpayers Could Lose $9 Billion

The government loaned hundreds of billions of taxpayer dollars to help struggling banks, but giving out cash is always easier than getting it back -- and now taxpayers could end up shortchanged by as much as $9 billion. As a part of dishing out of nearly $200 billion to 623 banks from the $700 billion Troubled Asset Relief Program (TARP), the Treasury department received warrants to buy common stock in these banks. So when banks pay back the actual bailout money, the government then has to...Full Story
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