Banking

Lenders Weigh In on Economy; Question TARP’s Ability to Boost Lending 

A mere three percent of lenders believe that TARP will have a “meaningful” impact on their lending practices, according to Phoenix Management’s “Lending Climate in America” survey, released Thursday. Fifty-five percent of respondents opined that the TARP would have a “modest impact” on lending. Thirty-six percent believe the TARP will have “minimal impact”, while the remaining six percent of respondents believe the TARP will have absolutely “no impact” on lending.