Real estate blog entries tagged with chicago real estate news alert bank lending keeps dropping by Dean Moss - Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

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Home : Blogs : Dean Moss - Dean's Team Chicago IL Real Estate Team : Dean's Team Chicago Real Estate Blog : Tag "chicago real estate news alert bank lending keeps dropping"

chicago real estate news alert bank lending keeps dropping: DESPITE MASSIVE BAILOUT FUNDS, Bank Lending Appears to Be Falling - WSJ Data! - 04/24/09 12:20 AM

Has it worked?
The objective of the original $750 Billion Troubled Asset Recovery Program, passed by Congress at the insistence of the Bush Administration last fall, was to jump start lending at the largest banks in the U.S. According to an analysis by the Wall Street Journal, as reported by David Enrich, Michael R. Cittenden, and Maurice Tamman in last Monday's Journal. it didn't work!
Indeed, the total loan volume by lenders who received the most TARP money dropped in three of the four months covered by the U.S. Treasury Department Survey. Only three of the 19 lending institutions at the top … (4 comments)

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