Wasn’t it nice of our government to “allow” some banks to pay back money. We wouldn’t want to see rampant abuse of that permission would we?
U.S. officials on Tuesday gave 10 of the nation’s biggest banks approval to pay back a combined $68 billion of taxpayer money pumped into them to combat the credit crisis.
The Treasury Department did not name the banks but many of them are likely to announce they are making repayments and their names eventually will be published in routine Treasury reports.
This translates into “You are allowed to pay back the money that most of you were forced to take in the first place.”
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