Stop the Bailouts
Nicolas Loris /
When you do a Google news search for “TARP” there is a common theme throughout the results: more and more banks want to repay the money. The reason for the change of heart, it fuels government power within the financial markets and tax payers have had enough and rightfully so.
This trend to return TARP funds started with smaller banks, such as the Community Bank of the Bay in California, who plans on repaying the $1.7 million in TARP funds after applying for them this past fall to shore up their already strong balance sheets. But the bank is doing more than just returning tax payers money – they are giving the Treasury Department a piece of their mind.