Yes, But What About the Money that AIG Paid Them?

BofA says it will repay the entire $45 billion in TARP money it received. That’s good! Except, um, it isn’t all the money that BofA got to stay afloat. Remember, the bank also was one of AIG’s counterparties that got back, at taxpayer expense, 100% of their doomed investments that they had insured through AIG.

So when is BofA going to pay that back?

Notes

  1. markcoatney posted this