Citibank loans Dubai billions with tax payer bailout funds

TARP funding saves hundreds of homes in Dubai

Taxpayers astonished how companies receiving billions of dollars in federal funds through the Troubled Assets Relief Program are spending their money.
But Neel Kashkari, Treasury's interim assistant secretary for financial stability, argued the government should not force banks to loan to the American freeloaders who are wanting small business loans for a so called “American dream” when we can use the tax payer’s bailout money to loan to our wealthy oil tycoons in Dubai. “Don’t forget,” Kashkari adds, America is the one who made them wealthy.
The Treasury stated today “Although we would prefer that investments from bailout money remained in the United States, it would be a shame if the billionaires who live in Dubai had to pay cash for the sand in their man made beach front properties. .”
Kashkari noted that many of the largest TARP recipients are global institutions. Without these foreign investments, banks "would have seen their profits lowered by being forced to loan to dead beat Americans and they may have needed more taxpayer dollars," he said.