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NY Times: "Some Banks, Citing Strings, Want to Return Federal AidBack to Article"

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b0mbrman

Lifer
Jun 1, 2001
29,471
1
0
Originally posted by: Fern
Originally posted by: Naustica
If they want to give it back, do it. Don't keep telling us. DO IT.
-snip-
They can't without permission (at this time).

IIRC, no pay backs before sometime in 2010 unless you receive permission.

All of these 'banks wanna payback' articles I've seen so far are instances of where banks requesting taht permission.

Kind of like a "no prepayment of loan' clause we used to see at one time.

Fern
Nope. In the stimulus bill, it was changed so that banks could pay back their TARP money as long as their regulator was cool with it.
 

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