Banks

So, toxic assets will be off the books of the banks and money will flow again. What a relief.

However, there are banks that want out from under the TARP thumb. Northern Trust will likely pay the strings (penalties for repaying TARP $ early) and be free to do business. This is a good bank being held down.

I suspect there are other financial institutions that are healthy or near healthy and want to be free to do what they do - make money. Free to pay execs compensations and bonuses and free to answer only to their stockholders.

With the toxic (aka legacy which is Obama's term reflecting the problem back to the prior administration) assets off their books, won't other banks prefer to pile up $ to buy themselves out of the TARP confines?

'til later