October 14, 2013
Five years ago this month, the Troubled Asset Relief Program pumped hundreds of billions of dollars into banks. The big ones have largely paid the government back. But many smaller community banks still owe the feds, and life is getting tougher for those who do.
“Many of them are in a more difficult situation than our large banks, which have recovered well from the financial crisis,” says Texas Tech finance professor Scott Hein. “That’s an irony that we still need to address.”