• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Bailout oversight panel makes WI trip

Bailout oversight panel makes WI trip

April 30, 2009 By WRN Contributor

Three Wisconsin small business owners told a congressional oversight panel they're having trouble getting help from banks which got federal bailout money. Elizabeth Warren, the head of the TARP panel, said she was struck by how consistent the complaints were. But she refused to say how Thursday's testimony at UW-Milwaukee would be incorporated into the panel's next report in May. The panel is attempting to track the $700 billion in federal tax money from the financial services' bailout. They came to Milwaukee to see if the infusion of cash had trickled out to small companies.

Wayne Perrins of Badger Trailer-and-Equipment said his company went through a difficult restructuring, and then sought another loan. But their bank not only told them no they also wanted an early payback of a previous $2 million loan, even though the firm had never missed a payment on it. The bank wouldn't comment on that particular case.

But that firm and others defended their use of federal bailout money, saying they've loaned millions to Wisconsin businesses and individuals over the last six months.

A member of the panel, Damon Silvers, said Wisconsin is "kind of a reality check for Washington."

The TARP oversight panel is made up of academics, current and former Congressional members, leadership from AFL-CIO and The Bank of New York.

AUDIO: David Griffith, CEO Cross Town Engineering (MP3 2:50)

Share this:

  • Facebook
  • Twitter

Filed Under: Business



Featured Stories

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

Tommy Thompson announces he will not run for governor

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC