Tuesday, June 9, 2009
10 big banks get OK to repay $68 billion in bailout money
According to the L.A. Times--and please don't ask me what I'm doing reading that newspaper when Le Figaro arrives at my (junior) suite even without my insistence--the Obama administration has announced it has given approval to 10 of the nation's largest banks to repay $68 billion in government bailout money which they had received to "stabilize the financial system".
Wish I could write like that!
Treasury Secretary Timothy Geithner is quoted as saying, "These repayments are an encouraging sign of financial repair..." Elsewhere, a housewife told an interviewer, "The Gold Bond Medicated Foot Powder really helped."
It's always good to hear good news..
Subscribe to:
Post Comments (Atom)
2 comments:
If only that were true mon chéri....
Touché
Post a Comment