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.

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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.