Legal Commentary

Is The Obama Administration Blocking Repayment Of TARP Funds?

By Big Tent Democrat

It seems to me that the Media should start asking that question. Via Atrios, JP Morgan's Jamie Dimon says they are:

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon . . . said his firm could repay U.S. government rescue funds “tomorrow.” Dimon, calling money received through the Troubled Asset Relief Program “a scarlet letter,” and “the TARP baby,” 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.

So pay it. Don't wait for guidance, unless the Obama Administration is prohibiting repayment. The question needs to be asked by the Media.

Speaking for me only

Full post as published by TalkLeft on April 16, 2009 (boomark / email).