Fictitious Capital

Along with paying back the TARP so that the Obama administration can hold a phony "gain", Citigroup got a special deal from the IRS. They get to keep $38 billion in tax breaks against future earnings. The reason for this is because if they didn't get to keep it, their capital would have been eroded and they would not have been able to pay back the TARP, according to the Washington Post.

Talk about fake capital. Tell me we are not Japan.

Where is the change, Mr. Obama?