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Posts Tagged ‘financial crisis’

Ex-NY bank president first accused of TARP fraud (Reuters)

March 16th, 2010 Comments off

FILE - In this Feb. 25, 2010 file photo, Trader Albert Young, left, studies his screens as he works on the floor of the New York Stock Exchange. Stocks rose Monday, March 1, following AIG's biggest asset sale since being rescued by the government and reports of a new bailout package for Greece.(AP Photo/Richard Drew, file)Reuters - The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.


(cross-reference: Farmers and Merchants Bank, http://fandmbankadel.com/)