Tuesday, December 22, 2009
Not doing too well
OneUnited Bank, a recipient of TARP funds, is having trouble paying dividends on this money. It has missed 3 of 4 opportunities, despite reporting $3,100,000 in profit for the first nine months of the year. Of the 600 banks that received TARP money, only 38 have failed to make a dividend payment. How likely is it that OneUnited will be here a year from now?
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