TARP’s Tiniest Failures Add Up

June 1, 2010  |  

(CNN Money) — It might seem that the banking sector’s bailout saga is nearing its close, leaving room to focus on other catastrophes like the European debt crisis or the Gulf oil spill, but some small banks across the country that benefited from TARP are still struggling to stay afloat, and many more will likely fail. And while the Treasury Department and the Obama Administration have justifiably lauded TARP for preventing another catastrophic bank failure, the fact that hundreds of smaller TARP recipients are missing their dividend payments suggests that these banks should never have received government money to begin with.

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