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10 of 19 large banks have been given the go-ahead to repay $68B in TARP loans, Treasury's...

10 of 19 large banks have been given the go-ahead to repay $68B in TARP loans, Treasury's Geithner says. JPMorgan (JPM) and Goldman Sachs (GS) appear to be among those approved, along with AXP, BNY, BBT, COF, STT, USB and NTRS. Bank of America (BAC) and Citigroup (C) likely not.
Comments (3)
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Does this include the $400 Billion that the banks received from the Treasury via AIG?
    9 Jun 2009, 10:13 AM Reply Like
  • CPAtrader
    , contributor
    Comments (25) | Send Message
     
    What a scam this has been. Now that the market has been severely over-purchased OF COURSE it will be simple for these banks to sell stock in order to raise the capital to re-pay these tarp funds. The investor gets screwed three-fold. Once, when the tarp was paid out; Twice, when the capital was raised thru offerings (via over-valued stock prices); and Finally, once the market corrects and those prices plummet once again. Geitner is a weasel, but you must admit a genius nevertheless.
    9 Jun 2009, 10:28 AM Reply Like
  • squark62
    , contributor
    Comments (205) | Send Message
     
    yulp...get ready for the great sucking sound!!!

     

    On Jun 09 10:28 AM CPAtrader wrote:

     

    > What a scam this has been. Now that the market has been severely
    > over-purchased OF COURSE it will be simple for these banks to sell
    > stock in order to raise the capital to re-pay these tarp funds.
    9 Jun 2009, 10:33 AM Reply Like
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