, back to

Political Factoid

Bank of America received
$45 billion in TARP funds.*
 
BA had 2009 profit of $4.4 billion
but paid zero taxes
(and got $1.9 billion in tax benefits.)
 
* Troubled Asset Relief Program passed by
Congress and signed into law by
President George W. Bush, 2008-Oct-03
to purchase toxic assets and equity
investments from financial institutions
-30-

Collected by students of  Zo^o University
Last updated * 2020-07-18
Copyright © 2011-2020 Zo^o University
All Rights Reserved