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Bailout
: Calculated RiskTARP Deadbeat list grows to more than 120 banks
By Anonymous
The latest report ... shows that more than 120 institutions ... have missed their scheduled quarterly dividend payments ... a record six banks each missed six dividend payments. Saigon National Bank in Southern California has missed seven.
...
In addition, five banks that received capital injections from the controversial $700 billion Troubled Assets Relief Program have failed altogether, making it highly unlikely that taxpayers will recover the nearly $3 billion poured into those institutions.
Full post as published by Calculated Risk on September 14, 2010 (boomark / email).
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