To date, banks have received more than half of the $700 billion of federal bailout money. Neil Barofsky, the special inspector general for TARP — the Troubled Asset Relief Program — is in charge of tracking those funds.
In his quarterly report, he says more than 80 percent of the banks surveyed reported using the government money for lending.
quarterly reportTARP Chief: Most Banks Using Funds For LendingNPR Programs: Morning Edition Tue, 07/21/2009 - 5:45am
|
