June 23, 2010
Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks about the U.S. banking industry and the outlook for Treasury Secretary Timothy Geithner’s testimony before the panel today. Warren talks with Betty Liu on Bloomberg Television’s “In the Loop.”
(Source: Bloomberg)
Highlights:
- 101 small banks have not paid their TARP dividend which is sign that’s there’s still a “great deal of instability in the banking system”.
- Three thousand out of eight thousand banks have serious concentration in commercial real estate. 6 out of 19 stress tested banks have commercial real estate that exceeds tier 1 capital.
- Does not look like a problem that’s going to get smaller over the next couple of quarters. It looks like a problem that is going to increase.
Posted by Rom on 