Monday, March 12, 2012

Banks are using government loans to repay TARP

http://www.washingtonpost.com/blogs/ezra-klein/post/the-government-has-recouped-tarp-money-by-accepting-other-government-funds/2012/03/09/gIQAHgdT1R_blog.html

A new report from the Government Accountability Office, flagged by the Roosevelt Institute’s Matt Stoeller, shows that 40 percent of the 341 institutions that have exited TARP’s biggest single initiative--the $205 billion Capital Purchase Program--simply refinanced their loans through a separate, $30 billion government program known as the Small Business Loan Fund (SBLF below).

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