The Senate is poised to vote this week on amendments to the financial reform bill that will determine whether Wall Street's banks will serve the American economy or whether the American economy will continue to serve Wall Street's banks.
As they prepare to vote, senators might look at the latest report from the Congressional Oversight Panel on the TARP, chaired by Elizabeth Warren. Last week, the panel released a study of how America's banks used TARP funds to provide loans to small businesses. Lending by the biggest banks -- those with assets of more than $100 billion, which received 81 percent of government bailout funds -- declined, while lending to small businesses from medium-size banks, with assets of $10 billion to $100 billion, which received 11.4 percent of the bailout, increased.




In September, 2009 Atlantic Monthly named 
