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Bailed-Out Banks Face Probe over Fees: Report

Posted By admin On April 13, 2009 @ 10:01 am In Money Watch | Comments Disabled

Reuters [1]
Monday, April 13, 2009

U.S. banks that received money under the Troubled Asset Relief Program (TARP) are facing a probe over increases in rates and fees, the Wall Street Journal said.

 The Congressional Oversight Panel, the body named by Congress to oversee the federal bailout, is working on a report examining instances of potentially inappropriate lending by banks that got taxpayer capital, according to the paper.

“The people who are subsidizing the activities of the banks through their tax dollars are the same people who are furnishing the high profits through consumer lending,” Elizabeth Warren, chairwoman of the Congressional Oversight Panel told the Journal in an interview.

“In a sense, we’re asking taxpayers to pay twice,” Warren told the paper.

Full article here [1]

Bailed Out Banks Face Probe over Fees: Report 335x205 graph128c aj [2]

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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/30188983

[2] Image: http://www.efoodsdirect.com/products.html

[3] Stiffed: Why are bailed-out banks helping Pfizer buy Wyeth?: http://www.prisonplanet.com/stiffed-why-are-bailed-out-banks-helping-pfizer-buy-wyeth.html

[4] The Government Lied When It Said It Only Bailed Out Healthy Banks … 12 of the 13 Big Banks Were Going Bust: http://www.prisonplanet.com/the-government-lied-when-it-said-it-only-bailed-out-healthy-banks-%e2%80%a6-12-of-the-13-big-banks-were-going-bust.html

[5] Bank Fees? Let’s Tell The Banksters That We Don’t Want Their Stinking Bank Fees And That We Are Switching Banks: http://www.prisonplanet.com/bank-fees-let%e2%80%99s-tell-the-banksters-that-we-don%e2%80%99t-want-their-stinking-bank-fees-and-that-we-are-switching-banks.html

[6] Bailouts Went To Foreign Banks: Congressional Report Confirms What We Already Knew: http://www.prisonplanet.com/bailouts-went-to-foreign-banks-congressional-report-confirms-what-we-already-knew.html

[7] Banks Bailed Out By American Taxpayers Are Paying Us Back By Shorting Our States and Cities: http://www.prisonplanet.com/banks-bailed-out-by-american-taxpayers-are-paying-us-back-by-shorting-our-states-and-cities.html

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