Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 25 April 2012 [View all]Demeter
(85,373 posts)52. TARP: Billions in Loans in Doubt
http://online.wsj.com/article/SB10001424052702303978104577364262736412398.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Hundreds of small banks can't afford to repay federal bailout loans, a top watchdog will warn Wednesday in a report that challenges the government's upbeat assessment of its financial-system rescue.
Christy Romero, special inspector general for the Troubled Asset Relief Program, said 351 small banks with some $15 billion in outstanding TARP loans face a "significant challenge" in raising new funds to repay the government.
Ms. Romero made the comments in her quarterly report to Congress, the first since the Senate approved her appointment in March as special inspector general for the program.
Hundreds of small banks can't afford to repay federal bailout loans, a top watchdog will warn Wednesday in a report that challenges the government's upbeat assessment of its financial-system rescue.
Christy Romero, special inspector general for the Troubled Asset Relief Program, said 351 small banks with some $15 billion in outstanding TARP loans face a "significant challenge" in raising new funds to repay the government.
Ms. Romero made the comments in her quarterly report to Congress, the first since the Senate approved her appointment in March as special inspector general for the program.
Edit history
Please sign in to view edit histories.
70 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Michael Hudson: Productivity, The Miracle of Compound Interest, and Poverty MUST READ
Demeter
Apr 2012
#3
Sequoia Fund Manager Campaigns Against Goldman Board Member, Former Fannie CEO Jim Johnson
Demeter
Apr 2012
#57
Wells Fargo, Terrified to Face Its Victims, Locks Shareholders Out of Annual Meeting
Demeter
Apr 2012
#29
Protest over GE tax payments erupts at company's shareholder meeting From The Detroit News: http://
DemReadingDU
Apr 2012
#66
DeAnne Julius - Get set for one of the shortest recessions on record (UK--HUMOR, UNINTENTIONAL)
Demeter
Apr 2012
#30
George Washington: 2 Years After the BP Oil Spill, Is the Gulf Ecosystem Collapsing?
Demeter
Apr 2012
#55