Feds Receive $353 Million from Banks

The United States federal government has received $353 million from five banks. The money is repayment for bailout handouts that were given to banks throughout the country to keep the nation’s economy afloat. On top of that money, the five banks gave the feds dividends amounting to almost $6 million.
The main motivation for banks to repay the federal government is due to the fact that the feds are now taking a closer look at companies that received bailout money and are instituting harsher restrictions on how that money can be spent. A big reason for the tougher stance by the …read more