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Bank CEO Says Bailout Failing Community Banks
As another $350 billion goes out the door, ANP looks at one small bailed-out bank. Eagle Bank, a community bank headquartered in Maryland, received many millions of dollars of TARP money, but is having trouble making loans. Its CEO, Ron Paul, says that the government has not taken fleeing depositors into account and, as a result, small banks and their surrounding communities will suffer.
Keywords: Economy, Government, bank of america, banks, Bush, CEO, citibank, community, cummings, deposits, eagle bank, Economic crisis, forecbailout, frank, geithner, jp morgan, Kashkari, lending, loans, Obama, Paulson, ron paul, small bank, tarp, wachovia, wells fargo
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