TITLE

Follow the Money? With Tarp, That May Not Be So Simple

AUTHOR(S)
Hopkins, Cheyenne
PUB. DATE
December 2008
SOURCE
American Banker;12/15/2008, Vol. 173 Issue 240, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on U.S. Treasury Department money and how U.S. banks are using it. Lawmakers are asking banks to be able to account for how they are using the government capital infusions. However, most banks are putting the money onto their balance sheets where it is then sent out to different purposes which are hard to account for. The U.S. House amended the automobile industry bailout bill mandating banks receiving such money account for lending changes.
ACCESSION #
35740668

 

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