BofA to reimburse TARP by early 2010

Chat about investing, the financial markets and participate in the Back Alley Bulls and Bears game...
Post Reply
radbag
Posts: 15809
Joined: Mon Jun 18, 2007 6:59 am

BofA to reimburse TARP by early 2010

Post by radbag »

maybe by the end of this year...pretty aggressive considering that he was saying two, maybe three years.

it's like - here ya go, thanks but no thanks.

http://www.heraldonline.com/120/story/1207023.html


The bank could turn over the money now if it weren't maintaining higher-than-normal capital cushions because of the “fragile” state of the financial system, he said. He also noted that the money is not a “gift” from taxpayers. The bank already has made an initial $402 million dividend payment to taxpayers.
Post Reply