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Loan Modification

: Loan Modification & Home Loan News

Citigroup?s Secret $38 Billion Tax Bailout

By Evan Bedard

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Lost among the fury about how taxpayers were treated in the Citigroup TARP repayment deal was the fact that Citigroup was given another secret bailout through the forgiveness of a $38 billion tax liability The law says that in the event of a change in ownership, companies can no longer use loss carryforwards to offset future [...]

Full post as published by Loan Modification & Home Loan News on December 18, 2009 (boomark / email).

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