Wednesday, June 10, 2009
Ten banks allowed to pay back TARP
** Old news, but I believe not posted as yet. Could This mark a real economy bottom for U.S.? Even though Obama plays that thought down. ** Ten leading banks won approval to repay money from the government's controversial TARP program, regulators said Tuesday, which could represent approximately $68 billion in bailout funds returned to taxpayers. The Treasury Department, which has overseen the $700 billion Troubled Asset Relief Program, did not indicate which banks were included in that group, although most lenders confirmed the news separately.