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Response to Tansy_Gold (Original post)

Wed Apr 25, 2012, 09:29 AM

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.

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