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- Title
Capital Purchase Program Funds: Thanks, but Maybe No Thanks.
- Authors
Murray, Daniel G.; Quirk III, William H.
- Abstract
The article discusses the Capital Purchase Program (CPP) announced by the U.S. Treasury. The CPP injects capital into healthy financial institutions which will allow them to further increase the flow of financing to consumers and enterprises and stimulate U.S. economic growth. According to the article, the public considers the CPP a bailout program and participating banks, although financially strong, would be considered weak. It also says that banks were wary about the conditions and restrictions accompanying participation in the program.
- Subjects
UNITED States; CAPITAL; UNITED States. Dept. of the Treasury; FINANCIAL institutions; ECONOMIC development; FINANCIAL bailouts; BANKING industry
- Publication
Bank Accounting & Finance (08943958), 2009, Vol 22, Issue 4, p42
- ISSN
0894-3958
- Publication type
Article