Banks Take Billions From TARP, but Give Fewer Loans

William Spellman didn't need the Wall Street Journal to tell him some of the nation's biggest banks are offering fewer loans these days. In trying to get a co-signed loan to pay for his daughter to attend summer school at her college, Spellman says he has been turned down twice -- by Wells Fargo and Sallie Mae -- and he can't figure out why. Increasing his sense of frustration, Spellman says, is that "these are the same companies my tax dollars just bailed out. They need my help, but now...Full Story
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