Magazine : Archives : 3rd Quarter 2012

Stuck On Tarp

The U.S. Treasury Department’s Troubled Asset Relief Program was either the saving grace of the global economy or a mismanaged handout rewarding failure at the largest banks and automobile companies, depending on the person talking. Some think it was both. The only group lost in the debate is the more than 340 community banks still in the program like a hangover that won’t go away. While the big money center banks have paid off their government capital and the best of them are making record profits, most of the remaining TARP refugees are community banks and thrifts that have much...