The U.S. Government has decided that regulators will apply an additional test to banks to determine which financial institutions will get additional capital from the government, and the form of that capital injection.  If the bank doesn’t meet the test created by the U.S. Treasury Department and Treasury Secretary Tim Geithner, then the bank may [...]

Citigroup, which has received $45 billion in capital from the TARP program, issued a “First Quarterly Progress Report on Its Use of Tarp Capital” today, according to the press release on its website. I’m pretty much rolling on the floor laughing over that headline, because it has me eagerly awaiting the second progress report. [...]