Pennsylvania

TARP Buys Another $395 Million Through Capital Program 

The Treasury Department on Tuesday announced details on capital investments in another 28 financial institutions — 24 of which are privately-held — on Feb. 27. So far, the Treasury has purchased $196.76 billion in preferred stock through the Troubled Asset Relief Program in an attempt to shore up financial institutions and unclog credit markets. Of the $394.9 million invested Friday, 47.3 percent was given to publicly-traded firms, while the majority — 52.7 percent — was invested in privately-held firms.