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Over 600 Small Banks May Default On Bailout Loans

July 15, 2010 By Bill Zielinski Leave a Comment

July 15, 2010 – The Congressional Oversight Panel’s report on TARP loans to small banks has determined that many small banks  may find it difficult or impossible to repay funds borrowed from the U.S. Treasury.   The Treasury program to bailout banks, formally known as the Capital Purchase Program (CPP), was established during the height of the […]

Filed Under: Banking News, Financial Crisis, problem banks, TARP Program Tagged With: hundreds of small banks fail to repay bailout loans

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