Chrysler Financial repays U.S. cash for loans
Chrysler Financial has repaid all of the $1.5 billion it borrowed from the U.S. Treasury last January under the Troubled Asset Relief Program. The money was used to finance more than 85,000 car loans for customers of Chrysler LLC in the months prior to its Chapter 11 bankruptcy.
The original TARP loan contained provisions that increased Chrysler Financial's costs over time, giving the company incentive to pay off the loan as quickly as possible.
SCAMS: Madoff's high living comes to an end in prison
Bernard Madoff's life of luxury is a thing of the past.
The disgraced financier blamed for what is believed to be the largest Ponzi scheme in history arrived Tuesday at a federal prison in North Carolina to begin a 150-year sentence in a cell with two bunk beds, a toilet and a sink.
BANKING: Bailed-out Goldman Sachs has record earnings
Goldman Sachs Group Inc. posted record earnings as revenue from trading and stock underwriting reached all-time highs less than a year after the firm took $10 billion in U.S. rescue funds.
Second-quarter net income was $3.44 billion, or $4.93 a share, the New York-based bank said Tuesday in a statement.
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