Abstract

http://ssrn.com/abstract=2247043
 
 

References (28)



 


 



Minority Ownership and TARP Investments


Lucas Puente


Stanford University - Department of Political Science

Linus Wilson


University of Louisiana at Lafayette - College of Business Administration

May 23, 2013


Abstract:     
Minority and black owned banks were significantly less likely to receive funds from the Troubled Asset Relief Program (TARP) Community Development Capital Initiative (CDCI). A non-minority bank with the median characteristics was approximately ten times more likely to obtain TARP funds than an African American owned bank after controlling for other factors. We also find prior TARP recipients and banks with fewer troubled assets were more likely to obtain money from this program.

Number of Pages in PDF File: 25

Keywords: Barney Frank, bailout, CDCI, CDFI, Community Development Capital Initiative, Community Development Financial Institution, discrimination, ethics, EESA, Emergency Economic Stabilization Act, Maxine Waters, minority ownership, OneUnited bank, preferred stock, race, racial discrimination, TARP

JEL Classification: G21, G28, G38, H81, J15

working papers series


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Date posted: April 9, 2013 ; Last revised: May 24, 2013

Suggested Citation

Puente, Lucas and Wilson, Linus, Minority Ownership and TARP Investments (May 23, 2013). Available at SSRN: http://ssrn.com/abstract=2247043 or http://dx.doi.org/10.2139/ssrn.2247043

Contact Information

Lucas Puente
Stanford University - Department of Political Science ( email )
Stanford, CA 94305
United States
HOME PAGE: http://www.stanford.edu/~lpuente
Linus Wilson (Contact Author)
University of Louisiana at Lafayette - College of Business Administration ( email )
Department of Economics & Finance
214 Hebrard Blvd., Room 326
Lafayette, LA 70504-0200
United States
(337) 482-6209 (Phone)
(337) 482-6675 (Fax)
HOME PAGE: http://www.linuswilson.com
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