Thursday, April 16, 2009

Eager to Repay TARP reported JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who today reported first-quarter profit that beat analysts’ expectations, said his firm could repay U.S. government rescue funds “tomorrow.”
But will Obama let him do so, and lose the government's ability tom control that segment of the banking industry.
Dimon, calling money received through the Troubled Asset Relief Program “a scarlet letter” and “the TARP baby,”
Better back of from that language, they are apt to say it is racist, rather than just a cute play on words.
said on a conference call today that the New York-based bank is awaiting guidance from the U.S. Treasury Department. “We could pay it back tomorrow,” he said.
If they let us.

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