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(ANP Video) Bank CEO and TARP Recipient Says Government Bailout is Failing Community Banks


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.