Tuesday 15 December 2009

Bailout money repayment

It is curious to watch that American banks are starting to pay their bailout governmental funds. It is interesting to watch it from the Portuguese perspective - because we then realise that the US only lent these funds to banks, didn't give them for free. It means funds to banks were just considered a loan (not a giveaway) that banks would need to repay back. Interesting!

http://money.cnn.com/2009/12/14/news/companies/Wells_Fargo_TARP/index.htm?cnn=yes

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