Big Bailed-Out Banks Reduced Loan Balances

The revelation is sure to infuriate lawmakers

By SHARE

Here's the latest TARP news item that lawmakers and bailout-weary Americans will be fuming over: "Ten of the 13 big beneficiaries of the Treasury Department's Troubled Asset Relief Program, or TARP, saw their outstanding loan balances decline by a total of about $46 billion, or 1.4%, between the third and fourth quarters of 2008," The Wall Street Journal reported Monday. The full article is well worth a read.