Warning, this blog post may cause you to become quite angry at the U.S. government.

So this last week, Obama heralded that Citibank was going to pay back all of the TARP monies it had received last year. All the talking heads were making such a big deal about it. The problem is that nobody told the whole story.

I credit Jack Spirko at The Survival Podcast for bringing this to my attention. As part of the deal that gave Obama his favorable photo opp, the IRS gave Citibank a favorable tax ruling the will save it billions of dollars in tax payments over the next few years. Some experts say that it may actually be more than they received in TARP.

You can read the article at The Washington Post