Strong banks will be allowed to repay bail-out funds they received from the US government but only subject to a test to determine whether such a move is in the national economic interest, a senior administration official has told the Financial Times.
“Our general objective is going to be what is good for the system,” the senior official said. “We want the system to have enough capital.”
His comments come as Goldman Sachs, JPMorgan Chase and other relatively strong banks are pressing to be allowed to repay their bail-out funds. Yesterday, Larry Summers, President Barack Obama's top economic adviser, told NBC's Meet the Press that repayments could eventually help the government provide further resources to help the sector. Such a move could also allow healthier institutions to differentiate themselves from weaker banks and free them from constraints on executive pay, and other activities, that come with bail-out money.
Bill & Chelsea Clinton in NYC Oct 8 $150 open bar with Special musical
performer Marc Roberg of O.A.R
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Special musical performer Marc Roberg of O.A.R . Event starts at 7 pm. You
can buy tickets here. $150 general admission includes open bar. $2500
includes a...
8 年前
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