The second half of the TARP money, approved yesterday, is in play, with Bank of America [BAC] receiving $20B today. Moreso, $118B of toxic Merril debt has been Federally guaranteed. One wonders how much will be left when Obama steps in to office.
(Interestingly, it's being widely - reported that the Senate is giving the TARP money to Obama, who won't be President for another week.)
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