As another $350 billion floods out of the Treasury, the American News Project looks at one small bailed-out bank.
Eagle Bank, a community bank headquartered in Maryland, received many millions of dollars of TARP money, but is having trouble making loans.
Its CEO, Ron Paul, says that the government has not taken fleeing depositors into account (particularly considering the $250,000 FDIC insurance limit) and, as a result, small banks and their surrounding communities will suffer.
This is a national problem. Nearly 200 small banks have received bailout infusions under $100 million.
Follow Danielle's reporting on twitter.
Watch at the American News Project.
Watch on YouTube.
Read More