IPFS News Link • Economy - Economics USA
Taxpayer-Owned Citigroup Still Bankrolling ACORN
• National Legal & Policy Center
Citigroup has received $45 billion in taxpayer TARP funds. In addition, taxpayers are on the hook for the lion’s share of losses on the company’s $335 billion loan portfolio.
According to the 2008 annual tax return of the Citi Foundation, it provided the ACORN Institute, Inc. with grants of $500,000 for each of the years 2006, 2007 and 2008, for a total of $1.5 million.
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