Jun
09
2009
Banks Get Approval To Repay TARP funds
Posted by: in Mortgage Loan News, tags: Attempt, Banks, Bizarre, Bush Administration, Excerpt, Feds, Financial System, Fraction, Insistence, Money, News Sources, Scoop, Treasury
News Sources wrote an interesting post today on
Here’s a quick excerpt
Earlier today, ten of the nation’s largest banks received permission from the Treasury to repay a fraction of the amounts loaned out. I know, it’s kind of bizarre. Permission to pay back a loan early? You’d think the feds would be thrilled. Here’s the scoop. While some of the banks were begging for funds, others were forced to take the funds at the insistence of the Bush administration in an attempt to stabilize the financial system. The idea was that forcing banks to take the money woul
Here’s a quick excerpt
Earlier today, ten of the nation’s largest banks received permission from the Treasury to repay a fraction of the amounts loaned out. I know, it’s kind of bizarre. Permission to pay back a loan early? You’d think the feds would be thrilled. Here’s the scoop. While some of the banks were begging for funds, others were forced to take the funds at the insistence of the Bush administration in an attempt to stabilize the financial system. The idea was that forcing banks to take the money woul
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