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MORE THAN 90 BANKS MISS TARP PAYMENTS 6-16-2010

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Uploaded by on Jun 16, 2010

This is what happens when the Federal Reserve want to consolidate 2,100 banks into 8 "TBTF" Institutions. http://executees.net/

More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations.

The statistics, compiled by SNL Financial from U.S. Treasury data, showed 91 banks and thrifts skipped the May dividend payment under the Troubled Asset Relief Program, or TARP. It was the first missed payment for 23 of the banks; for the others, it was at least their second miss.

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  • the money is not lost, some have a great time these days

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