News

PlainsCapital Gets $87.6 Million Christmas Gift From Hank Paulson

Like it wasn't already hard enough -- which is to say, eff-you impossible -- figuring out how the banks are spending their bailout billions. Today comes word that the Treasury Department's dropped $4.7 billion more in 92 local banks, proving that the TARP can always stretch just a little bit bigger. And to make it even harder to track the dough -- which is not possible -- the feds gave away piles of dough to banks that aren't publicly traded, with the largest heap ($87.6 million) going to Dallas-based PlainsCapital Corporation ... perhaps to finance its move to Victory Park? Just kidding. Or am I? Like it matters. --Robert Wilonsky

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Robert Wilonsky
Contact: Robert Wilonsky