Tuesday, Jun 02, 2009
Printed money coming back home?
Cnbc: 'Substantial' TARP Repayments Soon: Geithner
"Substantial repayments by banks of loans from the Troubled Asset Relief Program (TARP) could come soon, while the amount of capital banks are raising could lessen interest in the government’s plan to take toxic assets off balance sheets, Treasury Secretary Timothy Geithner told CNBC Tuesday. " The FT has a great video on this as well, with Bob Kelly from NYC Mellon bank about their reasons for repaying early. http://www.ft.com/cms/8a38c684-2a26-11dc-9208-000b5df10621.html So a lot of the printed money is to be returned?
Posted by hmm @ 10:25 AM (160 views) Add Comment
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