Banks Not Out of Trouble Yet

The Congressional Oversight Panel of the Troubled Asset Relief Program (TARP) reports that “The financial system [remains] vulnerable to the crisis conditions that [the bailout] was meant to fix.”

Close to a year into the federal bailout program, the troubled assets “remain a substantial danger to the financial system,” according to a draft of the report. “Financial stability remains at risk if the underlying problem of toxic assets remains unresolved.”

Matthew Vadum——Bio and Archives

Matthew Vadum,  matthewvadum.blogspot.com, is an investigative reporter.

His new book Subversion Inc. can be bought at Amazon.com (US), Amazon.ca (Canada)

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