Should Banks Be Entitled To Tax Deductions For “Dividends” On TARP Stock?

By Jonathan Prokup & Dustin Covello Four years have passed since Congress enacted the Troubled Assets Relief Program, better known as TARP.  After Treasury determined that frozen credit markets were threatening the U.S. financial industry and even the entire economy, it asked Congress to authorize the purchase of illiquid mortgages from banks.  Congress obliged, authorizing … Continue reading Should Banks Be Entitled To Tax Deductions For “Dividends” On TARP Stock?