Tarp Rules Cited in Travel Drop

March 2009
American Banker;3/24/2009, Vol. 174 Issue 56, p16
Trade Publication
The article discusses a survey by the U.S. Travel Association which found that approximately $1 billion hotel cancellations occurred in January and February 2009. The trade association attributed the decline to government restrictions on banks such as Northern Trust Corp. and Wells Fargo Bank, both of whom had received bailout funds from the U.S. government's Troubled Asset Relief Program (TARP).


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