Here’s the annals off what happened on infamous TARP bank bailout bundle from 2008, then certain comments on the you to definitely participant’s expertise in one of the banks considered “too-big in order to fail” — one that services my mortgage:

Bank away from The usa received $20 million throughout the government bailout on the U.S. authorities through the Stressed House Recovery Program (TARP) on the , and possess got a vow out of $118 mil for the possible losings on providers. (“Us gets Financial out-of America 20 billion dollars when you look at the capital injections,” Breitbart. 2009-01-fifteen. Recovered 2010-10-17). [Read more…]