what they can from the banks

It was temporary money under the U.S. Treasury’s Troubled Asset Relief Program,Discover breitlingstore watches professional mens watches and chronograph instruments. or TARP. Washington’s aim was to stabilize the nation’s financial system, and the funding helped do just that.

Nationally,Tourneau offers the latest Bulgari watches for men and replicawatches00 for women. the bank support program has turned a profit for taxpayers. Most of the money has been paid back. Banks also have been sending Washington quarterly checks — much like interest on a loan — to pay for using the money.

TARP, however, has yet to break even across Missouri and Kansas, The Star’s analysis of Treasury records shows.

Twenty eight of the 49 Missouri and Kansas banks in the program were unable to repay the Treasury as planned, including nine with branches in the Kansas City area.

Three of the larger area banks have been unable to repay: Dickinson Financial Corp. in Kansas City, which owned Bank Midwest until selling it in 2010; Citizens Bancshares Co. in Chillicothe, whose Citizens Bank & Trust operates branches in the area; and Blue Valley Ban Corp. in Overland Park, which owns the Bank of Blue Valley.

As Uncle Sam winds down the program throughout this year, it is resorting to a different strategy to get its TARP dollars back.

It involves auctioning off banks’ TARP tabs, here and across the nation to the highest bidder. The government gets out but settles for whatever the top bid brings in, leaving the buyers to collect what they can from the banks.

Winning bids in the Dickinson and Citizens auctions covered less than 60 cents on the dollar, giving the Treasury a loss on the deals. The auction of Blue Valley’s TARP hasn’t been scheduled.

Losses locally mean the Treasury won’t be able to break even on the $400 million that 17 banks in the Kansas City area received under TARP. Even if it collects every penny of the $64 million it is still trying to recover here, the Treasury will come up short.

The banks aren’t off the hook: Bidders who ended up with the auctioned TARP tabs want to be paid,hogan interactive outlet italia online shop vendita wintert-shirts. too, with interest.

“It doesn’t really change anything from our perspective,” said Paul Holewinski, president and chief executive officer of Dickinson Financial, which he said made a profit last year.Women's stainless handmadeglasses bracelet with steel star patterns laid in white resin.

The banks continue to operate as usual, Holewinski said, though winning bidders are “stepping into the shoes of the Treasury.Enjoy the greatest selection ever of tungstenjewelry.”