Weak Banks Also Receiving Rescue Funds
Treasury appears to be relaxing its criteria for awarding bailout funds so that weaker banks could receive capital and stay in business.
Treasury appears to be relaxing its criteria for awarding bailout funds so that weaker banks could receive capital and stay in business. The bailout plan originally was intended to inject capital into healthy institutions—those with the highest safety and soundness ratings. But, according to The New York Times,
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