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Top 20 banks receiving US aid are lending: Treasury

RightinNYC

RightinNYC

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Top 20 banks receiving US aid are lending: Treasury

The top 20 US banks receiving government aid have continued to lend amid the recession and financial crisis, the Treasury Department said Tuesday.

In the first of a monthly series of bank lending surveys designed to increase transparency in the government's financial stability programs, the Treasury said its findings showed that banks were doing what they were supposed to do with taxpayer dollars.

From October to December 2008, "lending levels largely held steady and would have likely been lower absent capital provided to banks through CPP," the Capital Purchase Program, it said in a statement.
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That's good to see.

Here's the PDF report with table if anyone is interested:

http://www.treas.gov/press/releases/reports/tg30-2-122008.pdf
 
Excellent. This changes my opinion of the bank bailouts a bit
 
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