Wednesday, May 20, 2009

TARP Repayment Line Grows

Banks are scrambling to meet the capital requirements that will enable them to repay the TARP funds.

JMO: I'm still trying to figure out how the banks are able to not only meet the capital requirements AND repay the TARP funds if they were on the brink of failure just a short while ago. They haven't been lending any NEW money and they are experiencing record defaults on the money they've loaned over the last several years.

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