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More Than 500 Banks Still Owe TARP Money

More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP.

More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP. In its quarterly report, the SIG noted that while TARP’s financial outlook is improving and cost estimates of the program declining, “ultimate return on its TARP’s investments depends on many variables that are largely unknown at this time. The report also stated that it expects more criminal charges against individuals and entities related to the bailouts in addition to the nearly 80 already charged.

Click here to read the report from the Department of the Treasury.

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