Toxic Asset Threat Remains, Despite TARP: Report

Law360, New York (August 11, 2009, 3:14 PM EDT) -- Ten months into the government's Troubled Asset Relief Program, the Congressional Oversight Panel on Tuesday reported that substantial portions of toxic assets remain on banks' books, posing a financial threat and leaving small banks especially vulnerable to future failure.

In its monthly update tracking the $700 billion committed by the federal government under TARP to prop up financial institutions, the Congressional Oversight Panel suggested the U.S. Department of the Treasury recalibrate its planned trillion-dollar Public-Private Investment Program in order to get remaining toxic securities off banks'...
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