In a bleak day of economic problems and the strong left tilt of President Obama as manifested in his disastrous budget plan, this qualifies as the best news of the day.
Let's hope more banks return TARP funds soon.
Friday, February 27, 2009
Atlas "Just Says No" to TARP
A Louisiana-based bank, IBERIABANK Corp. announced that it is returning the $90 million in TARP funds it previously received, making it the first bank to return the money. It said it is doing so to avoid being placed at a competitive disadvantage as result of being tarped.
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