I believe BoA paid back its TARP loan.
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Originally Posted by goodtimesintv
A thinking consumer would applaud Citizens for having a debt-to-income ratio to meet!
WE taxpayers have to pay for the $20 billion in bailout money that Bank of America finagled and got, because of their mortgage lending to unqualified buyers!
"The U.S. government early Friday morning agreed to invest $20 billion in Bank of America, and to protect the bank against up to $118 billion in potential losses from bank assets related to risky mortgage loans."
Bank of America getting extra $20B in bailout funds - ABC News
We used Citizens to buy two homes here, and we'll use them again. They are invested in this community's future housing market and won't be going with tin cup in hand to Congress for a taxpayer bailout. They make sure they lend to people who can repay.
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