Bank Of America Pays Back TARP Funds 2+ Years Ahead Of Schedule

Courtesy Donklephant  Thu, 12/03/2009 - 5:44pm

In Feb 2009, the company reported this…

Bank of America Corp. expects to pay back U.S.

Treasury relief funds within the next three years, and “categorically” does not need further government funding, Chief Executive Ken Lewis told CNBC’s Maria Bartiromo in a televised interview Friday.

Bank of America has received up to $45 billion in funds from the Trouble Asset Relief Program.

10 months later…from their press release…

PRNewswire/ — Bank...

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