Sunday, October 17, 2010

Most banks already repaid TARP funds.

Bailout is a dirty word these days. A lot of people go beet red and start shouting about ‘big government’ and ‘where’s my bailout’ when you mention TARP. Some people even go looking for the nearest Tea Party rally they can join.

But did you know that most banks already repaid their TARP funds?

You can see a list of who borrowed what and who already repaid their loan bailout money by visiting this Wall Street Journal story.  (http://blogs.wsj.com/deals/2010/10/01/tracking-which-banks-have-paid-back-tarp/)

Believe me, banks still cause us a lot of problems. But taking TARP money wasn't one of their blunders.