As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won’t lend to them. While inter-bank ...
Tagged with: AIG Alan S. Blinder Congress credit markets Henry Paulson Jeffrey Garten JPMorgan Chase & Co. TARP Treasury Department Wells Fargo & Co.
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