As promised, the Treasury Department has released its first âTransaction Reportâ (PDF), a humble spreadsheet showing the governmentâs investment of $125 billion in nine banks (eight if you count the merging Bank of America and Merrill Lynch as one).
The Treasury has said it will release this sort of report whenever its investments in the banks are âauthorizedâ â in other words, when the money is actually handed over â meaning that it will lag behind banksâ announcements that theyâve been approved for bailout cash. Thatâs why our running tally should consistently boast more bailout clientele.