Thanks, Lori. CRE still hasn’t hit yet.
“CRE still hasn’t hit yet.”
It’s starting to hit it’s taking out a lot of smaller banks but the worse is yet to come the larger banks got more aid which is probably why it hasn’t shown up as much yet. I wonder how much taxpayers will end up losing on Tarp when it’s all said and done.
“Smaller TARP recipients are in worse shape than larger banks because the larger ones got help in addition to TARP, Mr. Cole said. Bank of America Corp. and Citigroup Inc. tapped the Federal Reserve’s emergency-liquidity programs frequently during the crisis.”
“Arthur Wilmarth, a George Washington University law professor and expert on banking regulation, said a lot of smaller TARP recipients are burdened with risky commercial-real-estate loans tied up in troubled strip malls and the like, and that makes it hard for them to raise new capital. “A lot of them are in kind of a frozen position,” he said.”
http://www.frumforum.com/smaller-bailed-out-banks-still-in-trouble
“Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.
So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half — $220,782,546,084 — has been returned.
Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.”
http://bailout.propublica.org/list