Audio By Carbonatix
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
