Tuesday, June 9, 2009

10 top banks are giving the ok to repay "bailout" loan

after the government ran it's stress test it now feels that it is ok for Northern Trust Corp, Morgan Stanley, JPMorgan Chase & Co., American Express Co., Goldman Sachs Group Inc., U.S. Bancorp, Capital One Financial Corp., Bank of New York Mellon Corp., State Street Corp. and BB&T Corp are in good enough shape that they can repay back the $68 billion they received in the controversial bailout loan the banking industry received.

I am sure most people will see this as good news because when the tarp plain was unless it seem most people didn't like the ideal of bailing out the banks that are only in trouble because of their practices and the banks bulked at the ideal that they would have to fallow the governments rules since they had to take the money from the bailout.

and it should be noted that these are the biggest banks to be seen as fit enough to repay their bailout, before them 22 smaller banks where giving the ok.

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