All Troubled Asset Relief Program (TARP) banks have not yet repaid taxpayer bailouts in numerous cases. Of those that have repaid the U.S. Department of the Treasury, 137 have used a government-loan program to repay their taxpayer debts, as per the watchdog’s report for the government bailout program. Taxpayer money still supports 325 banks, of which 203 have missed dividend or interest payments even after receiving stimulus at the height of the financial crisis.
Christy Romero, Special Inspector General for the bailout program, reveals that they are highly concerned about the inability of TARP banks in raising capital. Consequently, the watchdog is planning to sell preferred stock and debt in 12 more bailed-out banks to meet the purpose of TARP.