Repaying TARP!
It seems that Goldman Sachs and Morgan Stanley are planning to repay the Federal Reserve the money they took in the bailout. The total amount comes to almost $20 billion. The problem with this is that they would be free to operate any which way they choose. They would be free to spend and hand out bonuses to top executives. We could end up right back in the same boat we where in a year ago if we send these companies off on their own again. I know it sounds bad what I’m saying, but we need the government to oversee these companies until we know this won’t happen again. Greed got us into this mess, we need to make sure that for the most part greed isn’t going to overcome these companies again. I do know that if I was invested with these companies I would sell ever stock I owe. I wouldn’t be able to trust these companies again. Anyway, they need to get approval to repay the TARP money, which they may or may not get, it’s a waiting game for them.