Tuesday, April 14, 2009

Top Ten TARP Recipients

The Troubled Asset Relief Program , TARP, is a US government program to purchase assets and equity from financial institutions in order to strengthen the financial sector.

CNBC posted this table today showing the top ten TARP recipients.
  1. AIG $70B
  2. Citigroup $45B
  3. BofA (+Merrill Lynch) $45B
  4. JP Morgan Chase (+WaMu) $25B
  5. Wells Fargo (+Wachovia)
  6. GM (General Motors) $14.2B
  7. Morgan Stanley $10B
  8. Goldman Sachs $10B
  9. PNC Financial $7.6B
  10. U.S. Bancorp $6.6B
Source: CNBC and Propublica

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