The Knoxville News Sentinel has a nice scoop today: First State Bank of Union City got $20 million in TARP funds, only to decrease its lending by $58 million. To add more drama to the story -- Mike McWherter, the Democratic nominee for the Tennessee governor's race, is a director at the bank. The newspaper reports that the bank's holding company, Community First Bancsharess, Inc., received...
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Reactions to Tennessee paper: candidate's bank took TARP, then decreased lending - News
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