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Hundreds of small banks can't afford to repay federal bailout loans, a top watchdog will warn Wednesday

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Fri, 27 Apr 12 8:43 AM | 33 view(s)
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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. She urged the government and regulators to ...

http://online.wsj.com/article/SB10001424052702303978104577364262736412398.html




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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