Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


2

Small Banks May Need More Fed Aid

Share

(Newser) – The Treasury may have to expand its toxic asset programs and repeat stress tests, particularly for smaller banks, a US bailout watchdog panel finds. While larger banks have begun to recover, smaller financial institutions remain exposed to billions in losses from outstanding commercial property loans and are still unable to raise capital, the report concludes.

"A continuing uncertainty is whether the troubled assets that remain on bank balance sheets can again become the trigger for instability," said the Congressional Oversight Panel. It warned that the department must "turn its attention to small banks in crafting solutions to the growing problem of troubled whole loans."

Congressional Oversight Panel Chair Elizabeth Warren conducts a hearing on the Troubled Assets Relief Program, Wednesday, June 24, 2009, on Capitol Hill in Washington.
Congressional Oversight Panel Chair Elizabeth Warren conducts a hearing on the Troubled Assets Relief Program, Wednesday, June 24, 2009, on Capitol Hill in Washington.   (AP Photo/Gerald Herbert)
Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, April 21, 2009, before the Congressional Oversight Panel of the Troubled Asset Relief Program.
Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, April 21, 2009, before the Congressional Oversight Panel of the Troubled Asset Relief Program.   (AP Photo/Susan Walsh)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
2 comments
VIEWING:
 
Reader60610265
Aug 11, 09 10:20 AM CDT
If the smaller banks can't cut it let the bigger ones buy them out . Especially if their starting to make money again. Usually the bigger fish eats the little one any way. Reply
Vote up! Vote down!
+1
BackAgain
Aug 11, 09 10:39 AM CDT
This will never end. Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

486 Stories

 Congress' New 
 Whipping Boy: 
 The Fed 

Bernanke & Co. run into populist ire over Wall St bailouts, unemployment

Nov 23, 09 8:54 AM CST
(Newser) - When Fed Chair Ben Bernanke goes before Congress next month seeking a second term, he'll run straight into cantankerous legislators riding a tide of populist rage over the Wall Street bailout and high unemployment. While the Fed acted decisively to bail out the financial markets last year, it's widely viewed... More »

MORE ABOUT:
Congress • Ben Bernanke • Congressional oversight • Federal Reserve • Ron Paul • unemployment • populist • financial crisis • Wall Street bailout • anger Federal Reserve

editorial

 NYT to Blankfein: 
 Your 'Apology' 
 Is Bull  

Editorial board schools Goldman CEO in true meaning of 'sorry'

Nov 22, 09 4:53 PM CST
(Newser) - Lloyd Blankfein took his sweet time acknowledging his firm's role in almost toppling the financial system, and the New York Times editorial board stewed until today, when the paper's audience is largest. The Goldman Sachs CEO said in a speech this week, "We participated in things that were clearly... More »

MORE ABOUT:
Goldman Sachs • CEO • credit crisis • apology • Lloyd Blankfein • bailout • Troubled Asset Relief Program • Wall Street bailout • TARP • Bureau of the Public Debt

Paul Krugman

 AIG Bailout Squandered Our Money, Trust

Geithner & Co. were afraid to ask Wall Street for concessions

Nov 20, 09 9:55 AM CST
(Newser) - Financial officials, “most notably Timothy Geithner,” deservedly lost the public's trust with their no-strings-attached bailout of AIG, Paul Krugman rails in the New York Times . As a damning report from the TARP inspector general points out, the government made no serious attempt to extract concessions from the... More »

MORE ABOUT:
AIG • Paul Krugman • bailout • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP

486 Stories


Politics  •  Business 
TwitterFollow @NewserPolitics on Twitter

 
Congressional oversight • watchdog • Treasury Department • bailout • financial crisis • TARP • stress tests

from our news partners