Banks Not Out of Trouble Yet

The Congressional Oversight Panel of the Troubled Asset Relief Program (TARP) reports that “The financial system [remains] vulnerable to the crisis conditions that [the bailout] was meant to fix.”

Close to a year into the federal bailout program, the troubled assets “remain a substantial danger to the financial system,” according to a draft of the report. “Financial stability remains at risk if the underlying problem of toxic assets remains unresolved.”