TARP Repayments Are Costing Obama Leverage Over Banks: Video
539 views · Published 23 March 2012 · 2:10 · Indexed 25 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
Dec. 15 (Bloomberg) -- Citigroup Inc. and Wells Fargo & Co. said yesterday they will repay their bailout funds. The Treasury is in line to get back $20 billion from New York-based Citigroup, and Wells Fargo plans to return all $25 billion that taxpayers invested in the San Francisco-based lender a year ago, making it the last of the nations largest banks to pledge an exit from the Troubled Asset Relief Program. Bloomberg's Peter Cook reports. (Source: Bloomberg)
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