Despite uncertainty as to the size and shape of reform by Congress and the new Obama administration of the Treasury Department's Troubled Asset Relief Program (TARP), nearly half of bank executives surveyed said their bank is interested in participating in the TARP Capital Purchase Program (CPP). Forty-four percent of private banks and 58% of public banks surveyed said they were interested in participating in the TARP program. The survey found that 17% of bankers think that the government will either break even or end up making money. However, 19% of the bankers surveyed believe that the bailout will end up costing the government less than $250 billion, while another 41% believed the bailout plan would eventually end up costing the Treasury more than $700 billion.
Bankers bullish on TARP participation despite reform uncertainty Anonymous Mortgage Banking; Mar 2009; 69, 6; Docstoc pg. 10 Reproduced with permission of the c
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