More

Commercial Defaults Continue To Drag Down Smaller TARP Banks

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:50 PM ET

Inspiring
 Greedy
 Typical
 Scary
 Outrageous
 Amazing
 Innovative
 Infuriating
Stress Map Pennsylvania

bloomberg.com:

As the U.S. economy pulls out of a recession and the biggest banks return to profitability, mounting defaults on commercial property may keep regional lenders from repaying bailout funds until at least 2011.

Read the whole story: bloomberg.com

FOLLOW HUFFPOST BUSINESS

As the U.S. economy pulls out of a recession and the biggest banks return to profitability, mounting defaults on commercial property may keep regional lenders from repaying bailout funds until at leas...
As the U.S. economy pulls out of a recession and the biggest banks return to profitability, mounting defaults on commercial property may keep regional lenders from repaying bailout funds until at leas...
Related News On Huffington Post:
 

Read more from Huffington Post bloggers:
Eliot Spitzer

Eliot Spitzer: The Plight Of New York's Small Business Owners

The struggles of a New York clothing store owner underline the problems small businesses face with banks.
Robert Teitelman

Robert Teitelman: How Should We Think About Bank Lobbying?

Reporters: Lay out the interests and report the bank lobbying and the money. Do it until readers nod off, which may be soon. It ain't pretty, but it's all we've got.
Patricia Martin

Patricia Martin: Dear Barney Frank: Sponsorship Policies for Bailed Out Banks

I salute your questioning Northern Trust, Mr. Frank. But who will get around to investigating Bank of America's pricey deals with NASCAR? And the next deal after that?

Filed by Claire Schneiderman  | 

More in Business...


 
 
  • Comments
  • 3
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Recency  | 
Popularity
invest in jobs
5 Fans
11:01 AM on 12/09/2009
it;s unfortunate Obama is taking advice from neoconservative, globalist economists like Bernanke, Geithner & Summers instead of being more receptive to Krugman & Volcker.

hat tip to: http://financeopinionss.blogspot.com
Permalink  |
photo
Philclock
451 Fans
11:30 PM on 12/07/2009
Small banks are the backbone of lending, they're not allowed to lend by the regulators until they clean up crummy old loans.

Banks could lend again if, and only if, Obama and Timmy get off their backs, let them put crummy loans in a separate corporation and work out or sell off over time, allow for clean balance sheet to start new lending.

That should have happened six months ago, and won't until the Health Care and Energy monstrosities are off the table.

Won't happen, we're in for a really tough 2010, all so unnecessary buy not unexpected with Obama & Democrat amateur hour.

Voters will give them what they have coming.
Permalink  |
invest in jobs
5 Fans
08:15 PM on 12/07/2009
If the truth were being reported we'd be having riots in the streets. And meanwhile the top execs in banks and brokerages that caused such a mess are STILL employed and making millions while laying off THOUSANDS of people that actually do work.

hat tip to http://financeopinionss.blogspot.com
Permalink  |