Valley Community Bank gets Federal bailout?
Original post made by Tax Revolt, Country Fair, on Jan 13, 2009
Why are no local news media reporting on our local bank receiving $5.5M in Federal TARP funds? TARP stands for Troubled Asset Relief Program. Are there troubled assets in VCB? Is this where our tax money goes? To banks where that are already 'well capitalized'? Why is there no press release on the VCB website? What are they trying to hide? Who can follow the money here to understand why a well capitalized bank needs/gets our tax money.