Bailout Extended To Small Banks

Obama administration will increase amount banks can borrow.

By SHARE

After months of showering "too-big-to-fail" banks with money, Treasury is going to increase capital assistance to banks with assets under $500 million. The New York Times points out one potential problem:

More than 300 small banks are already participating in the federal program, although in recent months a growing number has sought to withdraw because of stringent requirements. So it is unclear whether the expansion will garner many new takers.

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