Wednesday, October 29, 2008

For bank investors, TARP is full of holes

by Colin Barr

The federal program aims to capitalize strong banks and push weaker ones to merge - but how those diagnoses get made is hard to say.





NEW YORK (Fortune) -- It's no surprise that even a $700 billion TARP can't cover everyone.

What remains mysterious, though, is how the government is deciding which banks get to participate in its TARP Capital Purchase Program, and which don't.



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