You’d think that Ron Paul, CEO of Eagle Bank, would be thrilled to receive $38 million dollars in TARP funds. But, it turns out, he’s pretty frustrated.
This is Danielle Ivory from the American News Project.
As another $350 billion goes out the door, ANP looks at one small bailed-out bank. Eagle Bank is having trouble making loans. Its CEO, Ron Paul, says that the government has not taken fleeing depositors into account and, as a result, small banks and their surrounding communities will suffer.
Follow Danielle’s reporting on twitter.
This entry was posted on Saturday, January 17th, 2009 and is filed under Bailouts, Bush, Crazy, D.C., Economy, In The News, Maryland, Media, Money, Ron Paul, Video, WTF?. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.