All Commentary
Monday, June 14, 2010

Bailed-Out Community Banks Aren’t Paying Government Dividends


“The Treasury Department’s financial bailout has a growing problem on its hands, and this time, it has nothing to do with Wall Street. A new report from the agency shows that community banks continue to plague the program. A total of 101 bailed-out banks — nearly all are small — have missed paying the government a dividend, which was a condition of taking the aid. That number is up 25 percent since February and has nearly doubled since November.” (Washington Post, Monday)

Banks on the dole.

FEE Timely Classic
“Banking Without Regulation” by Lawrence H. White