Episode 113 - Federal Reserve Economist Discussing The Effect Of Tarp On Bank Risk-Taking

Federal Reserve Economist Discussing The Effect Of Tarp On Bank Risk-Taking ABI Resident Scholar David Epstein talks with Dr. Lamont Black, an economist Federal Reserve Board, who recently published a paper titled 'The Effect of TARP on Bank Risk-Taking.' Drawing on his research, Black discusses how TARP was originally intended to stabilize the financial sector through the increased capitalization of banks, but that recipients of TARP funds were then encouraged to make additional loans despite increased borrower risk.