Banks say TARP has allowed them to increase lending

07/20/2009 | Financial Times (tiered subscription model)

According to a report by Neil Barofsky, the special inspector-general for the Troubled Asset Relief Program, 83% of the 360 aid recipients said they used the funds to boost lending. More than 30% said they used the money to make investments, while 43% said they padded their capital cushions. Barofsky's team said the information is a move toward transparency, but the Treasury rejected suggestions that it require banks to report how they use TARP funds.

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