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TARP Repayments Reveal The Weakest Banks

First Posted: 07/10/09 06:12 AM ET Updated: 05/25/11 02:25 PM ET

Banks Weak

usnews.com:

The government has finally acknowledged something it wanted to keep secret six months ago: Which banks are in the worst financial health.

It's now obvious that Citigroup, GMAC, Bank of America and perhaps a dozen other large banks are in rough shape, but when the Troubled Assets Relief Program went into effect last October, the idea was to mask problems at sick banks by flooding the whole financial system with liquidity.

Read the whole story: usnews.com

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Filed by Ryan McCarthy  |