Repaying TARP loans

by **ohio county** Tue Apr 21, 2009 10:06 am

In this morning's Wall Street Journal:

Treasury Secretary Timothy Geithner indicated that the health of individual banks won't be the sole criterion for whether financial firms will be allowed to repay bailout funds, a position that might complicate their efforts to give back the cash.

http://online.wsj.com/article/SB124027087650836931.html#articleTabs%3Darticle

It appears as if the criterion for repaying TARP is a moving target.

by Aaron Tue Apr 21, 2009 10:13 am

Treasury Secretary Timothy Geithner indicated that the health of individual banks won't be the sole criterion for whether financial firms will be allowed to repay bailout funds, a position that might complicate their efforts to give back the cash.

But I'm confused here. Ziggy said that if banks didn't want the government telling them what to do, they should just pay back the money.

Why does it say here that the treasury secretary will set the criteria on whether banks can repay TARP money?

The WSJ must be wrong because Ziggy said something different.

by Aaron Tue Apr 21, 2009 10:19 am

Closer to home, the Obama administration is wrestling with a problem as some banks, wary of government strings tied to bailout funds, look to repay the money. At the same time, regulators aren't yet done conducting stress tests on the nation's 19 largest banks to determine how much assistance they might need to continue lending. Firms will get six months to raise money from private investors or get additional investments from the government.

Holy cow Batman. Ziggy indicated that the government could not force banks to take the money but this seems to suggest otherwise.

Could Ziggy be wrong???

affraid

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Repaying TARP loans

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