With President Barack Obama and Treasury Secretary Timothy Geithner reportedly promising to attach more strings to federal bailout money, Am Law Daily decided to speak to some of the lawyers advising the dozens of financial institutions keen on applying for a chunk of the fresh $350 billion in Troubled Asset Relief Program funds Congress released last month. Those lawyers were nearly unanimous in saying that banks of all kinds are becoming more cautious about participating in TARP.
TARP Lawyers to Banks: Think Twice About Taking Government Cash
The American Lawyer
February 4, 2009