Thursday, December 17, 2009

Hooray for capitalism: Citi repays $20 B for TAPR, gets $38 B in IRS tax breaks

The Guvmint giveth with one hand, and giveth more with the other.

Jiminy Christmas, what a scam! What a taxpayer ripoff!

(P.S. - Citi, please don't raise my APR for writing that. You know, I gotta put up a brave front to maintain my lib'rul street cred with the guys. Also, thanks for raising my credit limit, no questions asked. That really helped me out in a pinch. Hooray for bailouts! Go Wall Street!)


Citi TARP Repayment is a Tax Dodge

By Barry Ritholtz
December 15, 2009 | The Big Picture

URL: http://www.ritholtz.com/blog/2009/12/citi-tarp-repayment-is-a-tax-dodge/

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