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What You Should Know / December 16, 2009

www.ritholtz.com -- The ongoing transfer of wealth from the middle class to the top 1% continues unabated. The Treasury Department, via the IRS, has made a terrible deal with Citigroup for TARP repayment: They repay $20 billion in TARP money, and in exchange we give them keep $38 billion in tax abatements.

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