re: #780 FrogMarch

I wonder what bank he is talking about?

From This analytical report on banks and TARP:

Analysts at Keefe Bruyette & Woods said 184 companies have indicated they will not tap the TARP, and at least five major banks hope to repay their infusions soon: Citigroup, JPMorgan Chase & Co, Northern Trust Corp, PNC Financial Services Group Inc and U.S. Bancorp.

Others are also eyeing repayments. Bank of America Chief Executive Kenneth Lewis has said the largest U.S. bank could repay TARP money this year if the economy cooperates. Morgan Stanley Chief Executive John Mack told Congress he wants to repay that bank’s $10 billion infusion as soon as possible.

KBW said at least five smaller lenders have filed to repay TARP money: Bank of Marin Bancorp, Iberiabank Corp, Signature Bank, Sun Bancorp Inc and TCF Financial Corp.

And it identified seven banks that it said could repay TARP money with existing capital: Goldman, Morgan Stanley, City National Corp, Comerica Inc, SCBT Financial Corp, Sterling Bancshares Inc and Trustmark.

It seems the new conditions and conrols being extended by the current Administraiton on the companies that accepted TARP funds are the main reasons why these firms are looking to repay the TARP funds as quickly as possible. It is politics. And given the general silence over Fannie and Freddie paying 210M in rethention bonuses to the pinheads (and so well connected to the Dems) who caused the intial housing / credit crisis (as compared to AIG) - it’s politics at its worse.

Pretty soon, even the sycophants in the MSM will not be able to spin and cover for this Administration.