Huffpost Business

Regulators Close 4 Banks, 2 Are Absorbed By TARP Recipient Companies

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Regulators closed four more banks on Friday, seizing their assets and deposits and placing them with other financial institutions.

Two of the four failed banks were absorbed by companies that had received taxpayer capital through the $700 billion Troubled Asset Relief Program, continuing a trend that BailoutSleuth has been tracking for the past few months.

Read the whole story at Bailout Sleuth