You are here

Citizens for Legitimate Government

Deep State Truth

CLG Breaking News and Commentary

Click here!

Contribute to CLG

Subscribe to Syndicate

More Than 90 Banks Miss TARP Payments

More Than 90 Banks Miss TARP Payments 16 Jun 2010 More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations. The statistics, compiled by SNL Financial from U.S. Treasury data, showed 91 banks and thrifts skipped the May dividend payment under the Troubled Asset Relief Program, or TARP. It was the first missed payment for 23 of the banks; for the others, it was at least their second miss.