Posts tagged 'USA TODAY'

TARP outcome: "A tale of two worlds"

By: Wendell Cochran

Posted: April 22, 2010 | Tags: BankTracker, TARP, USA TODAY

For the past several weeks, I have been working with USA TODAY reporter Dennis Cauchon to analyze the effectiveness of the Troubled Asset Relief Program, the $250 billion package designed to shore up the nation's banks during the financial crisis. Today, the paper published the results based on federal banking reports the Workshop uses for our BankTracker project.

We found that, while overall lending has declined since the program began, banks that took TARP money (most of which now has been repaid) actually reduced lending more than those that didn't get federal aid. They also continued to expand ...

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