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BB&T Corporation Message Board

  • buynwily Jan 28, 2009 4:05 AM Flag

    BB&T Didn't Take Taxpayer Funding?

    The Wall Street Journal examined fourth-quarter results for 10 of the 13 biggest recipients of capital injections from the Treasury Department, finding that loan balances fell 1.4% from the third quarter. Among the banks with reductions in outstanding loans were Bank of America (BAC), Citigroup (C) and JP Morgan (JPM). On the flip side, US Bancorp (USB), BB&T (BBT) and SunTrust Banks (STI) saw modest increases to their portfolios.

    Bank executives refute criticism they’re greedily hoarding the cash they received from the Troubled Asset Relief Program, or TARP, saying it’s unrealistic to expect them to both build a cushion against future losses and aggressively make new loans. With consumer and business balance sheets alike smarting from a brutal 2008, low-risk lending is increasingly difficult to find.

    Modest increase in lending with all the taxpayer money given to BB&T????

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