Small Banks STILL Struggling Despite Wall Street Bailout

July 14, 2010  |  

(Huffington Post) — To the list of economic woes squeezing small banks, add another one: government bailouts. The Treasury Department’s bailout program was designed with Wall Street megabanks in mind, according to a new report from a congressional watchdog. The “one-size-fits-all” program may actually be hurting small banks that are struggling to repay the money or even deliver quarterly dividend payments, the report says. The main bank bailout program anticipated banks springing back from the crisis and raising fresh funds to repay the government, the report says.

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