Citi Reaches a “Deal” to Repay TARP?
December 14, 2009 at 10:12 AM Leave a comment
One of the big business news stories today is that Citigroup has reached a “deal” with the government to repay its TARP money.
This sounds so suspicious to me — why the need for a “deal?” Citi should just freakin’ repay what they were loaned at whatever interest rate it agreed to when it accepted the loan. You and I don’t borrow money and then make a deal as to how we’re going to repay it. We work out those terms before we borrow it.
I can’t wait hear more about the details of this.
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