Seven More Financial Firms Repay TARP Funds

So apparerntly it’s TARP repayement day. In addition to JP Morgan Chase, seven other firms have made TARP repayments today.

  • Morgan Stanley repaid $10 billion
  • Goldman Sachs also repaid $10 billion
  • BB&T repaid $3.1 billion
  • US Bancorp repaid $6.6 billion
  • Bank of New York Mellon $3 billion
  • Capital One repaid $3.57 billion
  • American Express repaid $3.39 billion.

All of that money goes into the general Treasury fund, which means it can be used to reduce the budget deficit or be spent by politicians on their pet programs.

 

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