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
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