TITLE

Banks Split On Perception Of Bailout Plan

AUTHOR(S)
Daks, Martin C.
PUB. DATE
December 2008
SOURCE
njbiz;12/15/2008, Vol. 21 Issue 51, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the opinion of U.S. banks on the bailout plan of the government. Due to the recession, banks have varying opinions on the Capital Purchase Program of the Troubled Assets Relief Program (TARP). Some banks believe that qualifying for CCP implies a message of strength. Pamrapo Bancorp Inc. believes that the capital purchase program is a safety net. Plan of Sun Bancorp Inc. to sell between US$30 million and US$89 million of stock is mentioned.
ACCESSION #
35751757

 

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