Academic

CHANGE: More Banks Missing Tarp Dividend Payments. ?The latest report from the agency shows that m?

By Glenn Reynolds

CHANGE: More Banks Missing Tarp Dividend Payments. “The latest report from the agency shows that more than 120 institutions – nearly all of them small banks – have missed their scheduled quarterly dividend payments, which is more than a sixth of the banks that received federal aid during the financial crisis. In addition, five banks that received capital injections from the controversial $700 billion Troubled Assets Relief Program have failed altogether, making it highly unlikely that taxpayers will recover the nearly $3 billion poured into those institutions.”

Full post as published by Instapundit.com on September 14, 2010 (boomark / email).