Strong banks, weak credit: Treasury rethinks TARP

Story by Superior Auto Institute

During the recessions departure there has been problem after problem associated with its recovery. The unemployment rate has hit an all time high of 10.2 percent and is expected to reach an all-time high of 11 percent by next year. Stocks rise and fall every day, oil prices rise and fall, home sale prices have risen and many American’s are losing their homes due to foreclosure.

There is an upside however, banks are starting to repay the loans given to them to bail them out when their necks were on the line and foreclosure was an issue for their own businesses. Billions of dollars was used as aid to rescue banks and now returns are being made ahead of schedule.

Two hundred and fifty billion was set aside to help banks with their recoveries and two hundred and five billion was used. Banks have returned about $71 billion back and have made $7 billion in dividends. A program was announced with elaboration a month ago which would direct cash to small banks at depleted rates which would boost small businesses. This program could end up costing taxpayers anywhere between $10 billion to $50 billion; however banks are cautious about the program.

The program in which bailed out the banks the (Troubled Asset Relief Program) will come to end on December 31st of this year. However, the Obama Administration is in discussion about expanding the program out further due to the weak credit portion of banks until October of 2010.

When it comes to the past three years, a recession has caused to much damage and the economy is having a tough time trying to get back some strength to stand up on and now with jobs looking worse, banks still having trouble, stocks dropping daily and future’s looking bleak there is just no telling what will happen from here.

It is true that the American people can only do so much when it comes to helping the economy so why not do your part? Why not try a new trade that will help you get back out there and earn money? The much needed money for consumer spending which is also affecting the economy since it accounts for 70 percent of what the economy makes up.

Why not try something totally new or an addition to your career today such as Paintless Dent Repair? Paintless Dent Repair is the art of glue-pulling dents and dings from the exterior of cars. The trade can be taught in less than two weeks which means you could be well on your way to earning money by doing Paintless Dent Repair on your own, in your very own shop. As a Paintless Dent Repair Technician you could be earning up to $2500 a week at your best by fixing just five cars a day everyday for a week.

Today’s economy is full of up’s and downs and people have no clue where they are going to be from one day to the very next. It is up to you to decide where you are going to be tomorrow by signing up for a Paintless Dent Repair course today.