Treasury invests another $15 bln in seven banks

[beast]

Treasury invests another $15 bln in seven banks
SunTrust, PNC, Fifth Third, CIT among lenders getting government money
By Alistair Barr, MarketWatch

STI) , while First Banks of Clayton, Mo. got $295 million. Hampton Roads Bankshares received $80 million and West Bancorporation of West Des Moines, Iowa, got $36 million. The investments were all made on Dec. 31, Treasury said.
Treasury created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to help to stabilize and strengthen the U.S. financial system. Treasury allocated $250 billion under TARP's Capital Purchase Program to invest in U.S. financial institutions.
So far, Treasury said it's made $177.5 billion of investments, receiving preferred stock and warrants from participating institutions. End of Story

[beast]

is bad as things seem. somehow i get the feeling that they are worse then we are even being told.

[Anonymous]

bomby said today they are worse than we think

[beast]

i heard him saying something like that from the tv in the other room. maybe that thought got planted subliminaly.

[Anonymous]

he met with congress and told them we can't wait to do something, he wants them to hit the ground running as soon as he's sworn in

[beast]

i hope it means money in our pockets soo

[Anonymous]

time will tell