UnTARPED

A handful of banks have successfully paid back the TARP money, getting the government monkey off their backs. Not coincidentally, their stock prices soared beginning just about the time they made their announcements. Any bank that keeps their TARP money now is advertising its ill health, expect the money to come flooding back in to the gubment.

UPDATE: Just got the skinny from a friend who works for a large institution that has and is looking to pay back TARP funds. They are getting pushback from the Treasury on paying it back! The feds, apparently, fear exactly what I pointed out above - the emergence of clarity around the have and have-nots. Hmmm. Gee, we can't let people know which are the zombie and banks and which ones are healthy. Although, the market seems to be doing a fine job of sorting them out.