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BofA to reimburse TARP by early 2010

Posted: Wed Mar 18, 2009 7:11 am
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.