NeWS to KnOW

April 21st, 2009 9:42 AM
Lending at the nation's biggest banks has fallen more sharply than
previously realized, despite government efforts to pump billions of dollars into the financial sector.

According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.
Posted by Daniel DiGuglielmo on April 21st, 2009 9:42 AMPost a Comment (0)
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