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Kucinich: Banks Are Loaning Our Money To Foreign Countries Instead Of Americans
$8 Billion dollars from CitiGroup to Dubai
$7 Billion dollars from Banks of America to China
$1 Billion dollars from JP Morgan/Chase to India
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- $8 Billion loan from Citigroup Inc. to Dubai public sector entities made on
or about December 14, 2008. Wm Bischoff, then-Chairman of Citi, said about
the transaction, "'We continue to place the Gulf region among our globally most
significant markets." Citi received $25 Billion of TARP funds on October 26,
- $1 Billion investment by J.P. Morgan Treasury Services in development of
cash management and trade finance solutions in India made on or about
November 11, 2008. J. P. Morgan Treasury Services is a wholly owned
subsidiary of J. P. Morgan Chase & Co. J.P. Morgan Chase & Co. received $25
Billion in TARP funds on October 26, 2008.
- $7 Billion investment by Bank of America in China Construction Bank Corporation, after November 17, 2008. This purchase constitutes the exercise of an option acquired from China SAFE Investments Limited (Huijin). Bank of Arnerica received $25 Billion in TARP funds on October 26.2008.