TARP panel says small banks might need to curtail lending

The Congressional Oversight Panel is poised to release findings that suggest thousands of small banks might need to rein in lending as they face losses on commercial real estate loans. "The banks that are on the front lines of small-business lending are about to get hit by a tidal wave of commercial-loan failures," said Elizabeth Warren, a law professor at Harvard University and head of the Troubled Asset Relief Program's oversight panel.

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