This week, 10 of the nation's banks were granted permission to repay TARP money back to the government. In total the companies, which include JP Morgan Chase, Goldman Sachs, American Express, and Morgan Stanley, will return $68.3 billion.
As The New York Times reported, the Treasury did not identify the banks, but the “institutions quickly acknowledged the decision in a barrage of press releases on Tuesday morning.” That rush to get the word out is understandable. The past year has ...