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Most Bailed Out Banks Reduced Lending Since Getting Funds

First Posted: 05/20/09 06:12 AM ET Updated: 05/25/11 02:15 PM ET

Goldman

Wall Street Journal:

Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector.

According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.

Read the whole story: Wall Street Journal

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Filed by Marcus Baram  |