Private banks get public capital

Bailout sleuth reports:

The Treasury Department announced a new wave of bank investments, including stakes in the first privately held institutions to get taxpayer money through the $250 billion Capital Purchase Program.


BailoutSleuth has turned up 23 new participants, approved for a total of $626 million in taxpayer capital. Of those, 13 are privately held companies and one is classified as a community development financial instutition.

You'll want to read this one.