KBTX | Bryan & College Station, TX | Aggieland News

Bailout Banks Not Lending

By: AP Email
By: AP Email

WASHINGTON (AP) - The government says that lending to businesses
from the top banks getting bailout funds fell in January despite
the billions of dollars the banks received in government support.
The Treasury Department says in a monthly report that lending on
regular business loans and on business loans backed by real estate
both declined in January, compared to December.
The findings were based on reports filed by the top 21
recipients of rescue money from the government's $700 billion
financial bailout fund.


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