WASHINGTON, DC-The Troubled Asset Relief Program has been deemeda success--if not a necessary evil. Many of the larger banks haverepaid the Treasury, in some cases such as Bank of America, to thetaxpayers’ profit. Smaller banks, as a recent reportdescribed, have not been as successful.

With the government discussing how to disengage itself from itsextraordinary rescue efforts of 2008 and 2009, a look at how itsmost fundamental program--TARP--really worked is inorder.

Linus Wilson, assistant professor of finance atthe University of Louisiana at Lafayette, has been followingthis issue. He tells GlobeSt.com that while TARP recipients areindeed better capitalized than they were in 2008 they are notnecessarily safe again.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.