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TARP Buys Another $395 Million Through Capital Program

By DIANA GOLOBAY

The Treasury Department on Tuesday announced details on capital investments in another 28 financial institutions — 24 of which are privately-held — on Feb. 27. So far, the Treasury has purchased $196.76 billion in preferred stock through the Troubled Asset Relief Program in an attempt to shore up financial institutions and unclog credit markets. Of [...]

Full post as published by Housing Wire on March 04, 2009 (boomark / email).