Despite Tarp Repayments, Banks Are Still Sustained By Government Money

The Huffington Post News Editors, Huffington Post
Tue, 12/15/2009 - 9:11am

Despite the massive repayments of TARP money coming from our biggest banks, the financial system is still very much dependent on the rescue operations of the government. Perhaps the best illustration of this is the massive balance sheet of the Federal Reserve, which has inflated by purchases of $1.058 Trillion of mortgage backed securities. More on The Fed

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Topics: bailouts bank bailout banks banks repaying aid mortgage-backed securities tarp tarp repayment u.s. financial system

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