Contrary to popular belief, the TARP bailout money wasn’t a free gift to banks. And it wasn’t all at the taxpayers’ expense either. That’s according to new research from UNC Kenan Flagler’s Anil Shivdasani. Amid cries of “Where’s my bailout?” the Troubled Asset Relief Program (TARP), which infused cash into 707 American banks at the height of the financial crisis, has been painted by many as simply a big gift from taxpayers to banks. But Anil Shivdasani, Wachovia Distinguished Professor of Finance at UNC Kenan-Flagler, has studied the numbers and says that it’s much more complicated than that. His research found that the unhealthiest banks didn’t get the capital, and those that did get the cash had to pay a Read More