You Probably Missed It: Banks Are Back, Baby!

The U.S. government still hasn't recouped all of the taxpayer funds it put into the Troubled Asset Relief Program, or TARP, during the dark days of the financial crisis. But it's getting closer.

At this point, all of the major U.S. banks have repaid the government, and the majority of the shortfall is a result of the inclusion of the automotive sector and AIG (NYSE: AIG  ) in the program. So are banks back? In this video, Motley Fool banking analysts Matt Koppenheffer and David Hanson say yes and discuss where the sector can go from here.

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Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, Matt joins analyst Anand Chokkavelu, CFA, to lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.

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  • Report this Comment On May 27, 2013, at 11:33 AM, frier1 wrote:

    When BAC acquired Countrywide, did the bank not do a "due diligence", and if they did who was then responsible for making the acquisition. Such a catastrophic mistake should have led to a prosecution by the SEC at least. Was Ken Lewis responsible, and was the deal pushed thru by the FED like the purchase of Merrill only a short time later.

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