Mapping TARP by States

From Subsidyscope.com. Worth visiting (map is interactive, by county).

Related:
Mapping the TARP’s Reach
Local Impact of the Capital Purchase Program, Treasury’s own effort, interactive map by state.
Add:
I could find only 2 TARP free states: Montana and Vermont.

Comments

[DrZero:]

This map is misleading.

The TARP has been a huge transfer of wealth from the West to the East Coast, especially New York. Major West Coast banks have been rolled up and given to New Yorkers for their sins (WaMu) while East Coast insider dominated banks get bailouts for their transgressions.

Many of those TARP deposits in Western states are now held by JP Morgan (Chase, WaMu), Bank of America of Charlotte and others.

A secondary effect of the New York Fed redesign of our financial system is the relative lack of regional banks in the west, something many western businessmen can tell you about. (Of course the primary effect of the redesign it to keep Citibank, JP Morgan, Goldman and BofA in the game even though any fair minded accounting would have bankrupted and siezed them, and perhaps let strong regionals rise in their place).

The strong East Coast bias in the actions of the NY Fed is a story that needs to be better told by the financial press.

May 15 10:08 AM