GAO: Banks having problems paying back TARP

Orice Williams, Director of Financial Markets and Community Investment Issues, GAO

wfedstaff | June 3, 2015 3:06 pm

Those banks and lenders bailed out by the Troubled Asset Relief Program were supposed to eventually pay it back with interest. So how are they doing?

A new report by the Government Accountability Office says more and more banks have not been able to pay back the government.

Their focus was a program that was designed to help healthy institutions get through tough times.

Orice Williams, director of financial markets and community investment Issues at GAO, joined the DorobekINSIDER to discuss the report’s findings and GAO’s recommendations for how Treasury can better monitor these banks.