New Iberia Bank, in New Iberia, La., is paying back TARP money it’s received, by the end of this month, with interest. Minnesota’s TCF Financial is doing the same.
Per the Newsweek story linked first, I smell more and more of a rat at the banks much bigger than TCF or New Iberia. Per that story, and Federal Reserve Chairman Ben Bernanke’s refusal to give out disbursement details on TARP funds.
Some of the big banks, especially AIG customers, appear to be worse off than anybody will admit, and Big Ben, Treasury Secretary Tim Geither and economic czar Larry Summers are playing a shell game.
Where’s that famous Obama openness?
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