Thursday, December 3, 2009

Getting the TARP Monkey off your back

Bank of America (full disclosure: My money goes there via direct deposit) has decided to repay its TARP money as soon as possible. I can't blame them.

They have been hoarding cash reserves and issuing additional securities in order to raise the capital needed to get the Pay Czar and the House Finance Committee from meddling in its compensation plans.

How's that working out for the economy?

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