Congratulations Bank Of America!

Bank of America has repaid its TARP (Troubled Asset Relief Program = BAILOUT) funds back in full to the Federal Government (taxpayers).   A total of $45 billion has been repaid.

As a shareholder of Bank of America stock, I am pleased to see this.

As a tax-paying citizen of the USA, I am ecstatic to see this.

You can read CNNMoney’s take on it HERE and Bank of America posted it on their investor relations board HERE.

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One Response to “Congratulations Bank Of America!”

  1. Michael December 10, 2009 at 9:26 am #

    Joe,

    It is not what it seems to be. Here is another perspective on this TARP payback.

    “Now Let Us Admire The Clever Way In Which Bank Of America Has Screwed Taxpayers Again (BAC)”
    http://www.businessinsider.com/henry-blodget-now-let-us-admire-the-clever-way-in-which-bank-of-america-has-screwed-taxpayers-again-2009-12

    Thank you. I really appreciate your website and resources. I follow them both daily and have read IWBNIN.

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