April 25, 2012
Hundreds of small banks can’t afford to repay federal bailout loans, a top watchdog will warn Wednesday in a report that challenges the government’s upbeat assessment of its financial-system rescue.
Christy Romero, special inspector general for the Troubled Asset Relief Program, said 351 small banks with some $15 billion in outstanding TARP loans face a “significant challenge” in raising new funds to repay the government.
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